Strength Seen in OneWater Marine (ONEW): Can Its 10.1% Jump Turn into More Strength?
OneWater(ONEW) ZACKS·2024-11-07 19:26
OneWater Marine (ONEW) shares rallied 10.1% in the last trading session to close at $25.81. 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 11% gain over the past four weeks.OneWater’s stock rally is driven by optimism regarding the company’s proactive cost-cutting measures and strategic inventory reductions. This, along with a promising M&A pipeline, adds confidence to the company’s strategy for fiscal 2025 ...