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Why GrowGeneration Stock Soared 89% Last Month

TheMotleyFool

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Why GrowGeneration Stock Soared 89% Last Month

Shares of GrowGeneration (NASDAQ: GRWG) were skyrocketing last month on a blowout earnings report from the operator of hydroponic and organic gardening stores. The news sparked a rally that sent the stock up more than 150% at one point in August. The stock pulled back after a short-seller attack to close the month up 89%, according to data from S&P Global Market Intelligence.

The chart below shows the stock's sharp rise and pullback.