By Brian M. Reiser Spotify Technology SA (NYSE: SPOT) jumped over 7% on Thursday. The music technology stock climbed from an open price of $209.79 to a closing price of $225.28.
Before dropping down to its closing price, shares of the stock were up 12% during intraday trading. This was a new intraday high for Spotify stock.
But what made the stock jump and is it a worthy longer term investment? Let’s take a closer look at Spotify stock and see if we can answer those questions.
Why Spotify Stock Surged Yesterday
In short, the music and podcasting technology company jumped yesterday because it inked a new deal …read more
