Why Freshpet's Stock Was Up 18% in April
Shares of pet-food company Freshpet (NASDAQ: FRPT) appreciated 18.1% in April, according to data provided by S&P Global Market Intelligence. In fact, the stock not only shrugged off March's big drop, but it also hit an all-time high in April.
When Freshpet's stock began dropping in late February, it wasn't entirely coronavirus related. The company missed fourth-quarter 2019 earnings expectations, and issued new shares of its common stock. But it appears investors have looked past these negatives to focus on ongoing operations and fresh capitalization.
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Source Fool.com
