Scotts Miracle-Gro Co shares rose as much as 6.2% after President Donald Trump called the lawn-care company "a great company." Joe Weisenthal of Bloomberg reported the move, noting the rapid stock reaction to the high-profile endorsement.
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Scotts Miracle-Gro surges 6.2% after Trump calls company great
Scotts Miracle-Gro Co shares rose as much as 6.2% after President Donald Trump called the lawn-care company "a great company."
Joe Weisenthal, executive editor of news for Bloomberg Digital at Bloomberg L.P., reported the market reaction, noting the rapid stock move highlighted the interplay between high-profile statements and immediate market responses.
Trump also said Scotts Miracle-Gro provided a lawn for free, according to Weisenthal's report. The original social media post was later deleted.
The single-day surge exceeds the 5 percent threshold for abnormal market volatility, and the endorsement could attract further buying from retail investors who track Trump-related news. The move may also lift sentiment across the broader lawn and garden sector, which includes competitors such as Toro Co and Central Garden & Pet Co.
The stock's jump follows a pattern of Trump-related market moves, where public statements by the president have triggered sharp single-day swings in targeted companies. Scotts Miracle-Gro, one of the largest U.S. lawn and garden product makers, competes across consumer retail and professional horticulture segments. Its brands include Scotts, Miracle-Gro, and Ortho, sold through major retailers including Home Depot and Lowe's.
Weisenthal has previously covered other notable market developments, including a $400 million commitment to the planned IPO of Dangote Petroleum Refinery & Petrochemicals FZE and the formation of a business panel by Mamdani with former bankers from UBS, Lazard, and Bank of America.
The endorsement gives SMG a visibility boost that could support near-term buying momentum. Investors will watch whether the stock holds above its pre-endorsement levels in the coming sessions, as Trump-driven rallies have historically shown mixed durability for other companies that received similar presidential attention.
This article is for informational purposes only and does not constitute investment advice.
