Mohawk Jumps 28% in Past 3 Months: How Should You Play the Stock?
MHKMohawk(MHK) ZACKS·2024-09-03 02:17

Mohawk Industries, Inc. (MHK) has jumped 28.1% in the past three months, outperforming the Zacks Textile - Home Furnishing industry, the Zacks Consumer Discretionary sector, and the S&P 500 Index’s rise of 26.3%, 2.1% and 6.6%, respectively. Image Source: Zacks Investment Research Improving new residential construction trends and commercial business channels has been supporting MHK’s prospects. With potential rate cuts in the second half of 2024 or 2025, the company expects its demand to increase. Mohawk’s ...