Mayville Engineering Company (NYSE:MEC) saw its shares jump 5.9% in the afternoon session following a broad market rally that saw major indexes rise. The positive sentiment was widespread, with the S&P 500, Nasdaq, and Dow Jones Industrial Average all posting gains. The shares closed the day at $18.44, up 5.9% from the previous close. Mayville Engineering’s shares have had 13 moves greater than 5% over the last year, indicating today’s move is significant but may not fundamentally change the market’s perception of the business. The market’s reaction was influenced by the Federal Reserve’s recent actions and signals, driving a surge in the equity market.

Read more at Barchart: Why Mayville Engineering (MEC) Stock Is Up Today