Unifi Inc.’s stock jumped 10.9 percent on Monday and the Greensboro, N.C.-based yarn manufacturer said its “policy is not to comment on unusual market activity.”
The stock of Unifi, one of the few remaining publicly traded U.S. textile firms, rose $1.26 to close at $12.86 on the New York Stock Exchange, reaching a high of $13 in late-day trading before falling back slightly. The generally lightly traded stock saw 73,716 shares traded compared with its daily average of 29,337.
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