Lumber Liquidators Sharply Higher After Laminate Flooring Agreement

Lumber Liquidators Inc.

shares are trading higher by $3 at $18.23 in Friday's session. Investors are aggressively buying the issue after the company announced they have entered into a voluntary agreement with CPSC regarding theier laminate flooring products made in China. After a $1 plus higher open, it retreated only $0.08 to $14,19 before resuming its move higher. So far, it has reached $16.49 and pulled back to the $16.20 area, That marks the highest level for the issue since it peaked on January 5 at $17.21.