Why Sonos Jumped 11.8% in January

Shares of Sonos (NASDAQ: SONO) rose 11.8% in January, according to data provided by S&P Global Market Intelligence, not on any specific news, but continuing a trajectory for the sound specialist that allowed its stock to nearly quintuple from its low point last March.

The growth was brought on by audiophiles finding Sonos premium speaker solutions to be a cut above the competition of mass market speakers from the likes of Amazon.com, Apple, and Google.

Image source: Sonos.

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Source Fool.com