Why GMS Stock Crushed It This Week

Lately, GMS (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 readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool