Why SMART Global Holdings Stock Jumped 32.4% in July

Shares of SMART Global Holdings (NASDAQ: SGH) gained 32.4% in July, according to data from S&P Global Market Intelligence. The stock climbed early in the month, likely still benefiting from momentum created by the strong third-quarter results it posted in late June. It then saw a huge pricing jump following a press release detailing two acquisitions on July 9.

SGH data by YCharts.

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