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Why Fox Factory Holding Surged 41% Last Month

TheMotleyFool

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Why Fox Factory Holding Surged 41% Last Month

Shares of Fox Factory Holding (NASDAQ: FOXF) climbed last month as the company delivered a better-than-expected first-quarter earnings report and benefited from the perception that its outdoor recreation products, which include mountain bikes, ATVs, and snowmobiles, would see sales gains due to social-distancing protocols.

According to data from S&P Global Market Intelligence, the stock finished the month up 41%. As the chart below shows, the stock rose fairly steadily over the course of the month.