Why Triumph Group Doubled in Price in November
Shares in aerospace and defense structures and components supplier Triumph Group (NYSE: TGI) soared by 99.5% in November, according to data provided by S&P Global Market Intelligence. The remarkable move comes in concert with two game-changing events that buoyed the aerospace sector in the month.
The first was the positive news flow on COVID-19 vaccines. The hope that a vaccine will accelerate the natural progress of herd immunity is seen as a major plus for the commercial aviation industry. That's great news for aerospace suppliers like Triumph.
Triumph Group needs the commercial aviation market to recover. Image source: Getty Images
Source Fool.com