Mayville Engineering (MEC) Surges 6.0%: Is This an Indication of Further Gains?

Mayville Engineering (MEC) shares soared 6% in the last trading session to close at $21.46. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.3% gain over the past four weeks. The optimism surrounding the stock can be attributed to the positive prospects for housing, as well as office rent improvement in their key markets. This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represe ...