Why Suncor Energy Stock Surged More than 10% in April
Shares of Canadian oil sands giant Suncor Energy (NYSE: SU) jumped 10.3% in April, according to data provided by S&P Global Market Intelligence. What makes that gain stand out even more is that the S&P 500 tumbled 8.8% last month.
The primary catalyst fueling the oil stock's rally was news that an activist investor had built a stake in the company with plans to shake things up.
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Source Fool.com
