Why Shares in Swimming Pool Company Latham Group Are Surging This Week
Shares of in-ground residential swimming pool designer and manufacturer Latham Group (NASDAQ: SWIM) were up more than 10% on the week as of 3 p.m. EDT on Thursday. The move is largely down to a so-called "relief rally" in the stock after its peer, Pool Corp. (NASDAQ: POOL), released a robust set of third-quarter results.
Pool Corp. is the world's largest swimming pool products distributor, including Latham's products. Meanwhile, Latham is the leading manufacturer and designer of fiberglass in-ground residential swimming pools in North America and the leading player in the replacement-liner market and safety covers for swimming pools.
Image source: Getty Images.
Source Fool.com
