XCel Brands Stock Is Up After-Hours — Here's Why

Xcel Brands (NASDAQ: XELB) shares surged over 100% at one point during after-hours trading following an announcement of an exclusive licensing collaboration between its portfolio brand Baggallini and model/entrepreneur Coco Rocha. The partnership will launch with a limited-edition capsule collection combining Baggallini's organizational focus with designs inspired by Rocha's travel experiences. The stock closed Tuesday up 10.53% at $2.10 and continued climbing 17.14% to $2.46 in after-hours trading on heavy volume.