Why Deckers Outdoor Stock Gained 15% in October
Shares of Deckers Outdoor (NYSE: DECK), the maker of footwear like Uggs and Hoka One One, saw solid gains last month as the company benefited from a number of bullish analyst notes and posted strong second-quarter results. The company also seemed to gain from a recovery in apparel sales, as well as a sector-wide trend toward comfort and athletic wear, which comprise most of what the company sells.
According to data from S&P Global Market Intelligence, the stock finished last month up 15%. As you can see from the chart below, Deckers racked up gains over the first half of the month.
Source Fool.com
