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  5. KXS: KXS has been on a tear and is up over 20% in 2 weeks after lagging for a while. [Kinaxis Inc.]
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Q: KXS has been on a tear and is up over 20% in 2 weeks after lagging for a while.

Can't see any news reason for it do you? Or simply, just a bounce back from oversold?

Thanks


Sheldon
Asked by Sheldon on January 18, 2024
5i Research Answer:

KXS has risen now for nine days straight, its longest winning streak in eight years. But there is no news. CIBC in fact lowered its target last week. Shipping issues in the Middle East may have raised awareness of the importance of supply chain management, but there is no official news here. The stock has lagged the tech sector, only up 12% in the past 52 weeks. 

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