Why Houghton Mifflin Harcourt Stock Skyrocketed on Thursday

Learning company Houghton Mifflin Harcourt (NASDAQ: HMHC) gave investors a rocketry lesson on Thursday, as the stock soared 32% for the day. At one point, it was up a whopping 60%. The company launched a new online tool for teachers, an obviously relevant product in the era of COVID-19.

While it did report news today, I suspect there's more to today's move than meets the eye. The stock is exactly the type that momentum traders find attractive.

Image source: Getty Images.

Continue reading

Source Fool.com