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.
