Hello you very wonderful and intelligent people that make up this forum. I truly hope you have had a wonderful week and that you are enjoying your weekend. I was reviewing the stock Core Molding Technologies Inc (NYSEAMERICAN: CMT) and this has had some excellent returns over 345% over the last 5 years. I notice from November 2022 the stock went from around 10 USD to 28 USD on the October 2023. I please kindly wondered if anyone knows the main reasons which caused the stock to rapidly increase in price so much please? If anyone kindly had any thoughts on this i would be forever grateful and thankful it would mean the world to me. Thank you very much for any support you can give. I truly hope you continue to enjoy your weekend. Sending you lots of good wishes and i truly hope you achieve massive success in the stock market and have a wonderful and amazing life. With my every best wishes.
Hello you very wonderful and intelligent people that make up this forum, i very much hope you have had a lovely start to the week. I am very sorry to follow-up on this as i appreciate you will be very busy. If anyone kindly had any thoughts on this please, even if it was only a few sentences, i would be forever grateful and thankful it would mean the world to me. Sending you lots of good wishes and i truly hope you continue to have a wonderful and amazing life. With my every best wishes.
In November 2022, CMT released earnings reports that sales were up 25%. Revenue increased by about 15% in 1Q 2023. By the time 2Q reports were released, showing revenue leveling off, the stock price was over $25 and still climbing. Shortly thereafter, revenue/earnings began to go back down, the bloom was off the rose, and the stock price started falling. It took me almost five minutes to look this data up through readily available sources online - but if I hadn't been having to type this post on the fly while doing the research, I could have done it faster. It's great that you ask for input and advice, but a lot of this you can figure out yourself in... well, 5 minutes or so! Again, using readily available resources. Have a great day!
