Why GMS Stock Crushed It This Week
Lately, (NYSE: GMS) has done very well on the stock market for a company that'll soon cease to be an independent business.
The building products distributor was acquired by a high-profile peer after a brief bidding war, which in combination with several analyst price target bumps gave its shares a real lift. According to data compiled by S&P Global Market Intelligence, they increased by almost 13% in price over the holiday-shortened week.
On Monday, it was announced that a division of SRS Distribution, a subsidiary of DIY goods retailer Home Depot, swooped in to acquire GMS.
Source Fool.com
