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Why iRobot Stock Went Up in May

TheMotleyFool

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At the end of April, consumer-robot company iRobot (NASDAQ: IRBT) reported earnings for the first quarter of 2020 that featured down revenue and a weak outlook. The news sent the stock down. But it didn't stay down for long. It rose 20.9% in May, according to data provided by S&P Global Market Intelligence.

It's a short-term period, but iRobot has been a surprising winner so far in 2020, crushing the market average. Here's why it's rising.