EVRI - Why Everi Holdings Stock Popped 25.5% in May
Shares of Everi Holdings (NYSE: EVRI) jumped 25.5% in May, according to data provided by S&P Global Market Intelligence. Investors speculated that its business, making slot machines and providing financial equipment and services to casinos, is going to see a boom when betting parlors open up again. Shares haven't stopped in June, either, rising another 26.7% so far this month.
The biggest tangible news item from Everi Holdings in May was a number of insiders buying shares. That can be a bullish sign for a company because insiders know more about the operations of a business than public shareholders do, but even that's speculating on the future.
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