Urban Company Shares Surge on Brokerage Call and Legal Settlement

Urban Company shares surge 7% to 11-month high, rally 16% in 2 sessions. Here are 2 reasons why

Urban Company shares rallied on Monday, after a bullish brokerage call and a legal development involving Kent RO. Kent RO has agreed to remove advertisements and social media content that allegedly made false and misleading claims about Urban Company’s Native water purifiers. The stock hit its highest level in nearly 11 months.