Why HealthEquity Stock Soared 25% in July

Shares of HealthEquity (NASDAQ: HQY), which bills itself as "the nation's largest independent health savings account (HSA) non-bank custodian," rocketed 25.4% higher last month, according to data from S&P Global Market Intelligence. The stock is up 34% in 2019 through Aug. 8.

For some context, the S&P 500 index returned 1.4% in July and has returned 18.6% so far this year.

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Source Fool.com