Why Floor & Decor Holdings Stock Rose 14% in July
Shares of Floor & Decor Holdings (NYSE: FND) were up 14.3% in July, according to data provided by S&P Global Market Intelligence. In fact, the stock hit an all-time high of $71.72 on July 27 -- an increase of 42% for the year, and up 194% from where it bottomed in March.
For most of July, investors sent the specialty retailer's stock higher based merely on the assumption that its business was recovering from pandemic-related shutdowns. The company then closed the month by confirming those assumptions, delivering second-quarter earnings that exceeded expectations.
Image source: Getty Images.
Source Fool.com
