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Why Canada Goose Stock Gained 31% Last Month

TheMotleyFool

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Why Canada Goose Stock Gained 31% Last MonthPhoto, wide shot, wide-angle lens, Toy manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/2788fcd3-d339-4592-8f5c-a3b9125dc61f.png

Shares of Canada Goose (NYSE: GOOS) were flying higher last month even though there was little company-specific news out on the maker of luxury parkas. Instead, the stock seemed to rise on third-party reports that sales of winter gear were spiking because of the pandemic, and on a pair of bullish analyst notes. According to data from S&P Global Market Intelligence, the stock finished the month up 31%.

As you can see from the chart below, the stock gained steadily over the course of the month, and then popped on an upgrade on Sept. 30.