By  on June 19, 2014

Shares of American Apparel Inc. rose after Dov Charney was sidelined amid allegations of misconduct.

After just over an hour of trading on Wall Street, the company’s stock was up 6.7 percent to 68 cents — giving it a market capitalization of $118.5 million. More than 7.3 million shares traded hands, well over the 2.8 million daily average for the past three months.

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