Red Violet, Inc. shares rise 1.62% intraday after Lee and Crayola launch global collaboration.

Red Violet, Inc. rose 1.62% in intraday trading, with the company launching a global collaboration with Crayola. The collaboration features a limited edition collection of Lee's iconic workwear silhouettes fused with Crayola's retired crayon colors, celebrating the brands' American heritage and creative spirit. This news event is likely to have a positive impact on the company's stock price, aligning with the observed intraday increase.