Why Houlihan Lokey Shares Jumped 13% in May
Shares of Houlihan Lokey (NYSE: HLI) climbed 13% in May, according to S&P Global Market Intelligence, outpacing the S&P 500, which ticked up less than 1% in the month.
Investors were happy with the Los Angeles-based investment bank's strong fiscal fourth-quarter performance for the period ended March 31, as the company posted record revenue. The stock price is up about 12% year to date.
Source Fool.com