Why Freshpet Gained 11% in September
Shares of Freshpet (NASDAQ: FRPT) were moving higher last month, bucking the broader pullback in the market. It was a relatively quiet month for the fresh pet food maker, but an analyst upgrade and a bullish response to a presentation at a Jefferies conference were enough to lift the stock 11% according to data provided by S&P Global Market Intelligence.
It was a rough month for growth stocks generally with the S&P 500 and Nasdaq Composite falling 5% on concerns about rising interest rates and inflation, but Freshpet managed to gain as the company has qualities as a recession-proof pet stock that most growth stocks don't.
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Source Fool.com
