Graco Hits New High

I added Graco (GGG) to the Buy List at the start of this year. So far, it hasn’t been that impressive a stock. The earnings have been blah, and the stock has mostly been stuck in a trading range.
Until today. The shares vaulted past $43 and nearly hit $45. I honestly have no idea what the catalyst was. The next earnings report won’t come for another two months.
Sometimes on Wall Street, you just don’t know what moves a stock.

Posted by Eddy Elfenbein on August 7th, 2007 at 5:46 pm

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