After growing at a very moderate rate for a decade, it suddenly shot up from a low of $21 in March of 2020. I realize that this low is close to many other stock lows because of Covid, but it seems to have risen significantly more than others following this, reaching a high of $141 in august of 2021. It then plummeted to $75 in June of that same year. It has risen 52% in the past year to reach a new ATH of $146.
What gives? What explains this price action? This is one of the oddest looking charts I’ve ever seen. Are these prices sustainable? It’s PE is low but it just seems too good to be true, being up 300% in the past 5 years and with a 2.78% dividend. Explain?
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