With roots dating back to 1866, Nestlé (NSRGY) is one of the largest food and beverage companies globally. Last week, the company released its three-month sales report and, although sales declined, the market still reacted positively. NSRGY stock jumped almost 5% after the report — and closed the next day with another 2% gain.
What was the hidden factor that made Nestlé stock surge despite weak sales? Let's take a closer look.
