Why Lithium Americas Stock Popped 10% Tuesday
Stock markets staged a broad rebound on Tuesday on hopeful news out of Eastern Europe, where Russian troops appeared to be pulling back from a feared invasion of Ukraine. By close of trading today, the S&P 500 had gained 1.6% and the Nasdaq was up 2.5%.
Few stocks enjoyed gains quite as big as what investors in lithium mining company Lithium Americas (NYSE: LAC) just received, however. Helped by a positive note from investment bank J.P. Morgan, the stock closed the day up 10.1%.
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Source Fool.com
