Mercury General Corp. (MCY) reported fourth quarter EPS of $0.52 Monday morning, compared to the loss of $0.13 per share last year. Analysts expected EPS of $0.48.
Mercury General spiked to the upside at the open Monday and extended its gains late in the afternoon. The stock closed up by 4.03 at $49.62 on above average volume. Mercury General surged to a 2-month high and re-crossed its 50-day moving average.
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