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Why Latham Group Shares Bounced This Week

Lee Samaha, The Motley Fool
·2-min read
Why Latham Group Shares Bounced This Week

Shares of Latham Group (NASDAQ: SWIM) were up 9.1% on the week as of the close of trading on Thursday. The entire niche is seen as challenged due to rising raw material costs, weakening consumer spending, and the difficulty of overcoming tough comparisons with 2021, when stay-at-home measures boosted spending on home improvements such as pools. Indeed, for the third quarter, Pentair reported a 4% decline in its consumer solutions sales relating to pools.

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