Why GrowGeneration Stock Is Crushing It Again Today
Shares of GrowGeneration (NASDAQ: GRWG) were jumping 13.4% higher as of 10:51 a.m. EDT on Tuesday after soaring nearly 21% on Monday. Investors continue to be excited about the specialty hydroponic and organic gardening retailer's blowout second-quarter results announced last week. Today's move also likely stems in part from a positive reaction to GrowGeneration CEO Darren Lampert appearing on CNBC's Mad Money on Monday.
Lampert told CNBC's Jim Cramer that "business is booming." There's no arguing that point. GrowGeneration's sales in Q2 skyrocketed 123% year over year to $43.5 million.
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Source Fool.com
