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Latham Group Shares Jump 29% as Americans Trade Down to Fiberglass Pools

By Will Feuer

Shares of Latham Group jumped 29% after the residential pool maker reported better-than-expected quarterly sales and said it is benefiting as Americans trade down to fiberglass pools from concrete.

The stock climbed 29% to $3.31 a share in midday trading. Over the past 12 months, the stock has fallen about 71% amid a consumer…

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