Shares of Himax Technologies (NASDAQ: HIMX) rose 86.7% in November, according to data from S&P Global Market Intelligence . The company's stock skyrocketed thanks to an improving business outlook and record momentum for the broader market.
Himax delivered strong third-quarter results last month, and comments from management indicate that the business could be heating back up. The S&P 500 index also posted its biggest ever November gains last month and the momentum helped the semiconductor company post its best monthly stock performance in years.
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Why Himax Technologies Soared 86.7% in November