SNBR - 1 Sleepy Stock That Has More Than Doubled Since the Start of Last Month
2023-07-20 10:45:00 ET
A lot of stocks have been rallying this summer, but only a handful of investments can claim to have outperformed Sleep Number (NASDAQ: SNBR) since the end of May. The maker of high-tech air-chambered mattresses has more than doubled, up 116% since the start of last month.
I wrote about Sleep Number earlier this month when the stock soared 50% in June. Obviously July has proven to be quite the encore performance.
The clincher to this surprising move is that there haven't been any significant bullish developments to spark the surge. No financial update or noteworthy news has out of the Sleep Number camp in that time, and until earlier this week, no major analyst had rolled out an updated forecast. Let's take a closer look at the the doubling of Sleep Number, which it seems nobody saw coming.
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1 Sleepy Stock That Has More Than Doubled Since the Start of Last Month