Strength Seen in JELD-WEN (JELD): Can Its 11.5% Jump Turn into More Strength?
JELD-WEN(JELD) Zacks Investment Research·2024-04-27 00:55
JELD-WEN (JELD) shares soared 11.5% in the last trading session to close at $20.97. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.7% loss over the past four weeks.Jeld-Wen's rally is buoyed by optimism regarding the company’s ongoing productivity actions and cost savings efforts. Also, its focus on streamlining its business through initiatives like, transformation journey and divestiture bodes well. Recently, the company anno ...