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Why Diversey Stock Jumped 18% Today

TheMotleyFool

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Diversey Holdings' (NASDAQ: DSEY) shareholders trounced the market on Wednesday as the stock jumped 18% by 1:15 p.m. ET today compared to a 2.6% rally in the S&P 500. That move didn't erase the losses that investors have seen since the start of 2022, but it marked a potential shift in sentiment around the cleaning-product specialist's business.

A solid earnings report sparked the rally.

Diversey said before the market opened today that sales rose 1% in the fiscal fourth quarter, barely meeting the outlook that CEO Phil Wieland and his team issued back in early November. The return to sales growth came with a few other positive developments, including rising profitability.

Source Fool.com

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