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Why CalAmp Stock Just Popped 17%

TheMotleyFool

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Shares of mobile Internet of Things company CalAmp (NASDAQ: CAMP) are hopping this morning, up 16.7% as of 12:50 p.m. EDT -- and for more reasons than just generalized market enthusiasm over Gilead Sciences' new anti-coronavirus drug.

So what is the reason CalAmp is rising so high today?

Image source: Getty Images.

Source Fool.com

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