Enviri (NYSE:NVRI) saw its shares rise by 3.5% after key inflation data aligned with forecasts, hinting at potential interest rate cuts from the Federal Reserve. The PCE price index showed a slight year-over-year increase in August, calming concerns about inflation. Investors welcomed the news, boosting major indices and various sectors. Although Enviri’s shares cooled down to $12.27, up 2% from the previous close, the market considers this news significant but not game-changing. The stock has been volatile, with the biggest drop occurring 11 months ago due to weak earnings. Despite this, Enviri is up 48% year-to-date.

Read more at Stockstory.org – Seeking Alpha: Enviri (NVRI) Stock Trades Up, Here Is Why