Southwest Gas (SWX) Soars 5.71% in Four Days, Jefferies Upgrade Drives Rally

Southwest Gas (SWX) shares surged 0.67% today, marking the fourth consecutive day of gains, with a total increase of 5.71% over the past four days. The share price reached its highest level since February 2025, with an intraday gain of 1.11%.

The strategy of buying SWX shares after they reached a recent high and selling them one week later delivered strong returns over the past five years. The strategy achieved a 39.41% return, vastly outperforming the benchmark, which returned -100.00%. The excess return was 139.41%, indicating the strategy's ability to capitalize on volatility. With a maximum drawdown of 0.00% and a Sharpe ratio of 0.58, the strategy also showcased robust risk management, maintaining positive returns even in downturns.

Southwest Gas (SWX) has seen a series of positive developments that have influenced its stock price. On July 9, 2025, Jefferies upgraded the stock to a "Buy" rating and raised its target price to $82. This upgrade is expected to boost investor confidence and drive the stock price higher. The positive sentiment from this upgrade has likely contributed to the recent upward trend in the stock price.

In addition to the upgrade, the stock price experienced a 0.539% increase on July 10, 2025, further indicating strong short-term momentum. This consistent upward movement suggests that investors are optimistic about the company's prospects and are willing to invest in its growth potential. The combination of these factors has created a favorable environment for Southwest Gas, leading to its recent stock price gains.