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Cubic Stock Surged 34% Last Week: Still A Buy?

September 29, 2020 | technology | No Comments

Despite an almost 80% rise since the March 23 lows of this year, at the current price of around $59 per share, we believe Cubic stock (NYSE: CUB), best known for its diversified systems and services for the transportation industry worldwide, has more room for growth. CUB stock has rallied from under $33 to $59 off the recent bottom, compared to a 47% move for the S&P500. In fact, the stock price surged over 34% in a single trading session on Sep 21, after the news broke of Elliott Management’s, an activist hedge fund, 15% ownership in the company.

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