Blue Bird (BLBD) Shares Soar 1.77% to 2024 High

Blue Bird (BLBD) shares surged 0.58% today, reaching their highest level since December 2024 with an intraday gain of 1.77%.

The strategy of buying BLBD shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -3.5%, significantly underperforming the market. This indicates that this strategy failed to capitalize on the potential upside, as evidenced by the negative returns even with a relatively short holding period.

Blue Bird's stock price has been influenced by several factors recently. On May 28, 2025, Needham & Company LLC gave Blue Bird a "Buy" rating, contributing to the stock's positive performance. Additionally, Blue Bird has shown strong financial performance with a 16.5% annual revenue growth over the last two years and an impressive 156% annual earnings per share growth, which has enhanced profitability and returns on capital. Furthermore, the stock has a consensus price target of $56.79, indicating positive future expectations. These factors have likely contributed to the recent increase in Blue Bird's stock price.