With the news cycle focused 24/7 on Ebola and the second American case confirmed, shares of stock in protective gear companies are leaping up. Shares of Lakeland Industries were up 15% before the bell and Alpha Pro Tech, another maker of protection gear, was up 17%. Alpha Pro Tech, which makes face masks and other gear, has a slightly more consumer-facing business and would benefit even more from panic surrounding Ebola's potential spread. Lakeland Industries, maker of hazmat suits, is a more industrial play.
Shares of both companies have risen more than 175% in the last month on the news of the Ebola outbreak in Africa. The latest surge is pegged to the first confirmed case to be contracted in America--the Dallas healthcare worker--and another healthcare worker in Madrid who has been diagnosed with Ebola. Interestingly, it can be assumed both these victims were wearing protective gear like masks when they were infected.
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