Alta Equipment (ALTG) Moves 5.4% Higher: Will This Strength Last?

Alta Equipment Group Inc. (ALTG) shares rallied 5.4% in the last trading session to close at $12.70. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 0.4% gain over the past four weeks.Alta Equipment’s rally is primarily driven by optimism over strong customer demand, a favorable pricing environment, an increase in new and used equipment sales and parts sales. Also, the acquisition of a distributor of market-l ...