Here's Why Skillz Stock Suddenly Spiked Today
Motley Fool2021-09-01 07:57
Skillz Inc
+7.05%
Post
Someone just made a multimillion-dollar bet on this company.
What happened
Shares of mobile-gaming platform Skillz Inc were trading modestly higher for most of Tuesday's session. But around 1:30 p.m. EDT, the stock suddenly spiked higher, seemingly out of nowhere. As of this writing, the stock is up 12%. After a little digging, it seems that some chatter on social news platform Reddit could be responsible for the jump.
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