Why Poolcorp Stock Bounced Back Today
Shares of the United States' largest pool supplies distributor, Pool Corporation (NASDAQ: POOL), were up 5% as of 1 p.m. ET on Thursday, according to data provided by S&P Global Market Intelligence.
Buoyed by news earlier today that inflation continued to ease, Pool Corporation's stock popped on the higher probability of lower interest rates coming before year's end.
Thanks to the easing inflation seen in Thursday's most recent report, a 25-basis-point rate cut now has an 88% chance of happening in September (it was 68% a week ago) and 52% likelihood in December, according to CME, a financial services company.
Source Fool.com
Pool Corp. Stock
€316.70
0.160%
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Pool Corp. stock is not clear.
As a result the target price of 370 € shows a slightly positive potential of 16.83% compared to the current price of 316.7 € for Pool Corp..
