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Why Himax Technologies Soared 86.7% in November

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Why Himax Technologies Soared 86.7% in November

Shares of Himax Technologies (NASDAQ: HIMX) rose 86.7% in November, according to data from S&P Global Market Intelligence. The company's stock skyrocketed thanks to an improving business outlook and record momentum for the broader market.

^SPX data by YCharts.

Himax delivered strong third-quarter results last month, and comments from management indicate that the business could be heating back up. The S&P 500 index also posted its biggest ever November gains last month and the momentum helped the semiconductor company post its best monthly stock performance in years.

Source Fool.com

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