Synlait Milk’s (NZX: SML) share price has seen a significant surge in February, surpassing the $1 mark after starting the year at around 40 cents. On Tuesday, shares rose over 16.3% to $1.05 in early trading, with transactions exceeding $380,000. This unexpected spike has puzzled analysts and investors alike, with some expressing concerns about market dynamics. The rapid increase in Synlait’s stock price raises questions about the factors driving this momentum, especially in the absence of major announcements. Investors remain cautious as they assess the sustainability of this rally.
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