Why Shares in Core & Main Surged This Week
Core & Main(CNM) The Motley Fool·2024-03-22 11:36Shares in water infrastructure distribution company Core & Main (CNM 4.27%) rose 13.7% in the week to Friday morning, according to data provided by S&P Global Market Intelligence. The move comes after the release of its fourth-quarter earnings. Investors liked what they saw, and the stock is now up 43% in 2024 and 168% over the last year.Core & Main's challenging 2023It might seem churlish to describe last year as "challenging," but the company's full-year sales only rose 0.8% to $6.7 billion in 2023. Moreo ...