Professional surfing clothing maker Quiksilver Inc (NYSE:ZQK) had a huge week, ending up 14% on a shortened trading period (the markets were closed for Good Friday). The Huntingdon, CA based sporting clothing company saw their stock price close at 5.22, an increase on Thursday alone of 10.36%.
Quiksilver Inc (NYSE:ZQK) stock rises on jobs news
The increase over the week was based upon speculation and anticipation of a government report related to jobs – and positive news that the economy may be on the rise a little faster than first thought. 162,000 jobs were added by employers last month, which was just the third increase since March 2007 in a full month period.
There was more good news on the jobs front, with the US Government hiring census workers to deliver, distribute and sort the 2010 Census.
Quiksilver Inc (NYSE:ZQK) is a global sportswear brand, specializing in outdoor sporting apparel. Their products are sold in over 90 countries, and via a variety of distribution methods including surf and skateboard shops.
Analysts hope that other sports and clothing companies, enouraged by the Quiksilver Inc (NYSE:ZQK) stock price, may rise in the coming weeks.
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