Lumber Liquidators (Toano, Va.) stock increased 15.7 percent last week, according to The Motley Fool.
Lumber Liquidators (Toano, Va.) stock increased 15.7 percent last week, according to The Motley Fool.
It was valued at $25.18 when the market closed May 12 and finished the following week on May 19 at $29.13.
The stock has risen 93 percent so far in 2016—from $15.53 on Jan. 3 to $29.98 at end-of-market May 23—and at least one analyst thinks it will keep going up. According to Motley Fool, analyst Brian Nagel at Oppenheimer believes the stock will hit $34.
Lumber Liquidators stock peaked on Nov. 15, 2013, at $119.44. Two years later, on Feb. 20, 2015, news of an upcoming “60 Minutes” investigation into the formaldehyde content of its laminate products from China sent the stock plunging. It hit a post-60 Minutes low of $11.34 on May 13, 2016.