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Why Johnson Outdoors Inc. Stock Surged 26%

TheMotleyFool

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Why Johnson Outdoors Inc. Stock Surged 26%

Shares of Johnson Outdoors Inc. (NASDAQ: JOUT) were climbing last month after the recreation specialist posted another strong earnings report. The stock gained 10% in the two days following its Aug. 4 third-quarter report and finished August up 26%, according to data from S&P Global Market Intelligence.

As the chart below shows, the stock gained steadily over the first half of the month on momentum from the earnings report.