Shares of apparel retailer Coldwater Creek rose more than 20 percent on Monday, as the general market surged on a positive housing report and an increased offer for Bear Stearns.
The National Association of Realtors said that sales of existing homes rose by 2.9 percent in February, while economists had been expecting a slight decline.
Meanwhile, JPMorgan said it will boost its offer for Bear Stearns to $10 per share from $2.
The Dow Jones industrial average rose more than 180 points Monday.
Shares of Coldwater Creek, which has been one of the hardest hit women's apparel retailers amid a difficult consumer environment, have fallen 29 percent since the beginning of the calendar year, but gained back some ground on Monday.
Shares rose 99 cents, or 20.9 percent, to $5.73 Monday. The stock has traded between $3.40 and $25.69 over the past 52 weeks.
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