Mayville Engineering (MEC) Soars 5.3%: Is Further Upside Left in the Stock?
MECmec(MEC) ZACKS·2024-07-12 23:02

Mayville Engineering (MEC) shares rallied 5.3% in the last trading session to close at $17.35. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.4% loss over the past four weeks.The positive inflation report on Jul 11, 2024, most likely induced bullish sentiments among investors. The Bureau of Labor Statistics revealed that the Consumer Price Index (CPI) for June 2024 increased by 3% year-on-year, the lowest ...