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Why Levi Strauss Stock Jumped 18% Last Month

TheMotleyFool

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Why Levi Strauss Stock Jumped 18% Last Month

Shares of Levi Strauss (NYSE: LEVI) were gaining last month after the jeans maker delivered a better-than-expected third quarter earnings report. Though the company is clearly experiencing headwinds from the COVID-19 pandemic, its performance shows it is managing well through the crisis, especially compared to its retail peers.

According to data from S&P Global Market Intelligence, the stock finished the month up 18%. As the chart below shows, the stock gained over the course of the month as the better-than-expected results led to several analyst upgrades.