MTH - Why Gap Texas Roadhouse LGI Homes and Meritage Homes All Rallied More Than 10% in April
Shares of homebuilder LGI Homes (NASDAQ: LGIH) rose 11% in April, according to data from S&P Global Market Intelligence . Peer Meritage Homes (NYSE: MTH) advanced an even more impressive 15.5% or so. Meanwhile shares of retailer Gap (NYSE: GPS) increased in value by 11%, and restaurateur Texas Roadhouse (NASDAQ: TXRH) jumped by 11.5%.
At first blush there are very big differences among these companies, which is clearly the case. However, there's also something important connecting them all -- the coronavirus pandemic. Or, more to the point in April, the ongoing recovery from this frightening health scare.
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Why Gap, Texas Roadhouse, LGI Homes, and Meritage Homes All Rallied More Than 10% in April