Great Lakes Dredge & Dock (GLDD) Surges 12.7%: Is This an Indication of Further Gains?

Great Lakes Dredge & Dock (GLDD) shares ended the last trading session 12.7% higher at $15.44. 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 3.2% gain over the past four weeks. GLDD stock is expected to have surged on the back of robust opportunities for coastal protection and dredging services, mainly backed by the government’s public spending strength. Increasing backlog trends and improving business prospects, ...