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Here's Why Halcon Resources Corporation's Stock Rocketed Nearly 35% in July

TheMotleyFool

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Here's Why Halcon Resources Corporation's Stock Rocketed Nearly 35% in July

Halcon Resources' (NYSE: HK) stock was scorching hot in July, jumping 34.4% by the end of the month.

One of the drivers of Halcon's huge gain last month was oil, which rebounded more than 9%. It was also crude's biggest gain in more than a year. Several catalysts fueled the surge, including reports that the U.S. was planning to impose sanctions on Venezuela, which could result in supply shortages.

Image source: Getty Images.

Source: Fool.com