Why Shares in Resideo Technologies Surged by 83.4% in November

Shares in home comfort and security products company Resideo Technologies (NYSE: REZI) surged 83.4% in November according to data provided by S&P Global Market Intelligence. The move comes as a consequence of a super set of third-quarter results that easily beat analyst estimates. 

In a nutshell, analysts underestimated the strength of the company's demand in light of stay-at-home measures. There's been a slew of consumer discretionary companies reporting strong earnings reports as a consequence of consumers' willingness to spend on home improvement during the pandemic, and Resideo is one of them.

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Source Fool.com