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Why GrowGeneration Stock Jumped 111% Last Month

TheMotleyFool

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Why GrowGeneration Stock Jumped 111% Last Month

Shares of GrowGeneration (NASDAQ: GRWG), the largest seller of hydroponic growing equipment for cannabis and other plants, were soaring again last month as the company got a tailwind from the election and strong third-quarter results later in the month. According to data from S&P Global Market Intelligence, the stock surged 111% in November.

As you can see from the chart below, the stock gained steadily over most of the month.