Why AppHarvest Shares Jumped 12.2% Today
Shares of farming company AppHarvest (NASDAQ: APPH) jumped as much as 12.2% in trading on Monday as growth stocks came back in favor. Shares closed trading up 9.5% for the day.
There weren't any press releases out today or big news about AppHarvest, but that didn't stop shares from climbing sharply. A big reason is that the Nasdaq Composite jumped 1.6%, and as a volatile stock, it's not unusual for AppHarvest to magnify the market's gains. Growth stocks also performed well, and that was a tailwind.
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Source Fool.com
