Why Endeavour Silver, PriceSmart, and Fastly Jumped Today
Major benchmarks finished mixed on Monday, with most bouncing back from steeper losses early in the session. Signs of weakness in the European economy rattled investors to begin the week, but as the day progressed, market participants seemed to get more comfortable with the prospects for U.S. stocks. Some companies also saw nice moves higher on good news. Endeavour Silver (NYSE: EXK), PriceSmart (NASDAQ: PSMT), and Fastly (NYSE: FSLY) were among the top performers. Here's why they did so well.
Shares of Endeavour Silver climbed nearly 10% on a good day for silver mining stocks in general. The price of silver bullion moved higher by almost 4% today, rising back above $18.60 per ounce as ongoing political tensions continue to send some investors looking for safe-haven investments. Endeavour has been volatile lately as it's faced the dual challenges of weaker production volume and higher operating costs. Yet with silver on the rise, Endeavour stands a better chance of being profitable in the long run. That hope is a big part of what drove shares higher today.
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Source Fool.com
