Why Shares in Swimming Pool Company Latham Group Are Surging This Week

Shares of in-ground residential swimming pool designer and manufacturer Latham Group (NASDAQ: SWIM) were up more than 10% on the week as of 3 p.m. EDT on Thursday. The move is largely down to a so-called "relief rally" in the stock after its peer, Pool Corp. (NASDAQ: POOL), released a robust set of third-quarter results.

Pool Corp. is the world's largest swimming pool products distributor, including Latham's products. Meanwhile, Latham is the leading manufacturer and designer of fiberglass in-ground residential swimming pools in North America and the leading player in the replacement-liner market and safety covers for swimming pools.

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Source Fool.com