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2 Red-Hot Stocks That Soared More Than 60% in April

TheMotleyFool

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2 Red-Hot Stocks That Soared More Than 60% in April: https://g.foolcdn.com/editorial/images/678636/people-in-an-office-cheering.jpg

Last month was a brutal one for the markets, with the S&P 500 falling 9%. It was the worst April for the index in 52 years. Inflation, rising interest rates, and a war in Ukraine are just a few of the largest problems facing global economies right now.

That makes the recent performances of Nkarta (NASDAQ: NKTX) and Redbox Entertainment (NASDAQ: RDBX) all the more impressive. Both of these stocks soared more than 60% during the month. The big question is why, and should investors buy these stocks before they take off again?

Image source: Getty Images.

Source Fool.com

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