Why Valmont Industries Stock Skyrocketed This Week

Valmont Industries (NYSE: VMI) stock bounded higher in this week's trading. The industrials company's share price jumped 20.9% higher across the stretch. Meanwhile, the S&P 500 index's level climbed 0.5% over the same period, and the Nasdaq Composite index's level rose 1.5%. On April 21, Valmont published results for the first quarter of its current fiscal year -- which ended March 28. The company reported sales and earnings that beat the average Wall Street analyst estimates, and the company also increased elements of its forward guidance. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool