GTLS - Why Shares of Chart Industries Climbed 13% in April
Falling more than 9% through the first three weeks of April, shares of Chart Industries (NYSE: GTLS) weren't giving investors much to celebrate -- especially since the S&P 500 had risen more than 4% over the same period.
The company reported first quarter 2021 earnings on April 22 though, and things quickly took a turn for the better. Between the unexpectedly good earnings report and management's upwardly revised 2021 forecast -- in addition to a show of optimism from Wall Street -- shares of Chart Industries rebounded from their earlier performance and ended the month strong, resulting in a rise of 13% last month, according to data provided by S&P Global Market Intelligence .
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Why Shares of Chart Industries Climbed 13% in April