Stock Alert: What Fuels Drive Shack Rally?

(RTTNews) - Shares of Drive Shack (DS) gained nearly 14% on Monday morning despite no stock-related news to drive the shares up.

DS is currently trading at $3.9101, up $0.4801 or 13.9971%, on the NYSE. The stock has gained over 55% since reporting its first-quarter results last month. It has traded between $1.07 and $3.97 in the 52-week period.

Last month, the company reported revenues of $61.1 million, flat with last year, while net loss narrowed to $12.3 million from $18.8 million a year ago.

Drive Shack owns and operates golf-related leisure and entertainment venue business. It operates golf venues in Raleigh, North Carolina; Richmond, Virginia; and Orlando and West Palm Beach, Florida.