Why Freshpet Stock Leapt 24% Higher in May

Shares of Freshpet (NASDAQ: FRPT), the maker of fresh food for dogs and cats, were soaring last month after the company reported better-than-expected, first-quarter earnings, and pet stocks rallied more broadly, potentially signaling the end to a long slump in the industry.

As a result, the stock finished May up 24%, according to data from S&P Global Market Intelligence.

As you can see from the chart below, Freshpet stock jumped following the earnings report early in the month and then continued to gain from there.

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Source Fool.com