Hyster-Yale Price Rebound Signals Return To Growth Trajectory
HYHyster-Yale(HY) Seeking Alpha·2024-05-11 15:13
liorpt/iStock Editorial via Getty Images Thesis On Tuesday, May 7, 2024, Hyster-Yale Materials Handling, Inc. (NYSE:HY) posted its first quarter-2024 earnings report. When markets opened the next morning the stock price shot up, closing 23.55% higher. The following day saw the price jump again, by another 8.35%. Altogether, the stock price climbed from $59.02 to $79.01 in the space of two days. Was there something incredibly huge in the earnings announcement from the lift truck company? No, but it was a ...