Why Funko Stock "Popped" 7% Today

After a back-to-back-to-back-to-back-to-back losing streak -- 16.5% in combined stock price losses over the five trading days since July began -- pop toymaker Funko (NASDAQ: FNKO) finally snapped back in Friday trading, popping a good 7.1%. The bad news is that there's ... apparently no news behind the snapback -- no press releases, no earnings reports, not so much as a Wall Street analyst upgrading the stock or raising a price target. Fact is, the last time we got any significant news out of Funko was back in early May, when the company reported an 18% decline in sales and a quarterly net loss nearly twice as bad as Wall Street had predicted -- alongside a polite refusal to give any new guidance in light of the uncertainties created by the coronavirus.