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Why Vipshop Stock Jumped 29% Last Month

TheMotleyFool

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Shares of Vipshop Holdings (NYSE: VIPS) were moving higher last month after the Chinese online retailer got a boost from reports that the U.S. and China were making progress in their trade negotiations and that certain elements of an agreement were close to being complete. As a result, the stock finished the month of October up 29%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, the stock spiked toward the end of the month as news broke about a potential trade deal.