HLLY - Why Holley Shares Are Soaring Today
2023-07-12 12:08:38 ET
Shares of Holley (NYSE: HLLY) soared as much as 32% on Tuesday after the stock received a pair of upgrades from Wall Street. It has been a difficult year for the automotive aftermarket specialist, but analysts appear to believe the worst is finally behind it.
As of 11:34 a.m. ET, the stock was up 22%.
Holley is an auto parts manufacturer that specializes in modifications and other products for car enthusiasts who like to customize their vehicles. It is a niche market but can be quite lucrative, and Holley is a relatively large player.
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Why Holley Shares Are Soaring Today