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Core Molding Technologies (CMT) Soars 7.5%: Is Further Upside Left in the Stock?
CMTCore Molding Technologies(CMT) Zacks Investment Research·2024-04-16 08:51

Core Molding Technologies (CMT) shares rallied 7.5% in the last trading session to close at $19.76. 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 no gain, no loss over the past four weeks.Optimism over a normalizing consumer demand environment and stabilizing customer inventories is driving the stock higher. The company is also benefiting from new program launches and its profitability initiatives across it ...