Why zulily (ZU) Stock is Up Today

NEW YORK (TheStreet) -- zulily  (ZU) opened at a one-year low of $28.75 on Wednesday after the online retailer's share lock-up expired. But the stock rebounded significantly shortly after 10 a.m.

The stock was up 10.53% to $35.38 at 11:10 a.m. Nearly 6.5 million shares had changed hands, more than quadruple the average volume of 1,511,920.

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