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Why DexCom Stock Gained 10% in January

TheMotleyFool

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Why DexCom Stock Gained 10% in JanuaryPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/c28f6640-54ba-4d2b-afbe-b5fd3b0ee19e.png

Shares of the diabetes medical device giant DexCom (NASDAQ: DXCM) gained a noteworthy 10% during the month of January, according to data from S&P Global Market Intelligence. Its stock is now trading at all-time highs as a result of this latest double-digit rally.

What caused DexCom's stock to catch fire yet again in January? The short answer is that the stock has been on an absolute tear ever since the company reported third-quarter earnings back in early November 2019. In fact, DexCom's stock has gained an astounding 59% since its last earnings report.

Image source: Getty Images.

Source Fool.com

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