You will probably agree that a rising share price is a happy occasion worthy of celebration. As the stocks you own rise in price, your portfolio’s value increases. However, a soaring stock price may also deter you from buying shares as you believe the company is becoming too expensive to own or is reaching its peak.
But that’s not the way to look at it. A stock may rise because the business reported a good set of earnings, launched a promising new product line, or conducted an acquisition slated to boost its profits. These events act as catalysts for the stock price to head upward, and should be viewed as a great reason to look deeper into these companies to determine if they are worth owning for the long term.
Here is a trio of stocks that recently shot up that are still worth considering for your portfolio.
This post originally appeared at The Motley Fool.