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Why Scotts Miracle-Gro Stock Jumped 22% in November

TheMotleyFool

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Why Scotts Miracle-Gro Stock Jumped 22% in November

Shares of Scotts Miracle-Gro (NYSE: SMG) were climbing last month. The beaten-down lawn-care company got a spark after reporting fiscal fourth-quarter earnings that were rather weak but enough to encourage some investors to see a buying opportunity.

The cooler-than-expected inflation report for October also gave the stock a boost. According to to data from S&P Global Market Intelligence, the stock finished the month up 22%. As you can see from the chart below, the stock surged through the first half of the month before giving up some of those gains in the back half of November.