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Why Kraft Heinz Stock Jumped 23% Last Month

TheMotleyFool

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Why Kraft Heinz Stock Jumped 23% Last Month

Shares of Kraft Heinz (NASDAQ: KHC) moved higher last month as the company benefited from stay-at-home orders, which led to a surge in demand, as a result of the COVID-19 pandemic. And the packaged food giant's stock gained as the broader market bounced back as the worst fears about the coronavirus faded.

According to data from S&P Global Market Intelligence, the stock finished the month up 23%. As you can see from the chart below, shares moved steadily higher over the course of the month, outpacing the S&P 500.