Why CalAmp Stock Popped 20% in September
Shares of CalAmp (NASDAQ: CAMP) jumped 20% in September, according to data from S&P Global Market Intelligence, rallying in anticipation of the machine-to-machine communications company's fiscal second-quarter report.
To be sure, the bulk of CalAmp's gains came in the first half of last month, partly fueled by a broader rally that included a nearly 3% gain by the tech-heavy Nasdaq index. It likely helped that shares of CalAmp entered September having plunged nearly 30% year to date. They had been hurt as Wall Street lamented headwinds caused by tariffs and resulting supply-chain transition challenges for the company amid the ongoing U.S.-China trade war.
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Source Fool.com
