Alta Equipment (ALTG) Surges 6.7%: Is This an Indication of Further Gains?
ALTGAlta Equipment (ALTG) Zacks Investment Research·2024-02-09 20:35

Alta Equipment Group Inc. (ALTG) shares ended the last trading session 6.7% higher at $11.74. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.6% loss over the past four weeks. Alta Equipment’s rally is primarily driven by optimism over the strong momentum in its construction and material handling businesses. Solid orders for the company's products and services and acquisitions of Burris Equipment and Ault Industr ...