Why GMS Stock Crushed It This Week

Lately, (NYSE: GMS) has done very well on the stock market for a company that'll soon cease to be an independent business.

The building products distributor was acquired by a high-profile peer after a brief bidding war, which in combination with several analyst price target bumps gave its shares a real lift. According to data compiled by S&P Global Market Intelligence, they increased by almost 13% in price over the holiday-shortened week.

On Monday, it was announced that a division of SRS Distribution, a subsidiary of DIY goods retailer Home Depot, swooped in to acquire GMS.

Continue reading


Source Fool.com