Why ASML Stock Rose 13% in May
Shares of ASML (NASDAQ: ASML) were on the move last month as the maker of extreme ultraviolet lithography (EUV) equipment rode a bullish wave in the semiconductor industry, as most sector stocks posted double-digit gains.
There wasn't much news out on the Dutch semicap company, but it signed a new customer, and the tailwinds in the sector helped propel it up 13%, according to data from S&P Global Market Intelligence.
As the chart below shows, the stock was volatile last week, but managed to finish with solid gains by the end of the month.
Source Fool.com
