Why Mohawk Industries Stock Is Rising Today
Mohawk Industries (NYSE: MHK) investors trounced the market on Friday, with the stock rising 8% by 1 p.m., compared to a 2% slump in the S&P 500. The surge put the flooring specialist closer to the wider market's 12% decline in 2022, but shares are still down over 20% so far this year.
The rally was sparked by a surprisingly strong earnings report.
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Source Fool.com
