Spotify Stock Soars 81% Year to Date: Should You Invest or Avoid?
Spotify(SPOT) ZACKS·2024-08-29 00:46
Spotify Technology S.A. (SPOT) has seen its stock skyrocket 80.6% year to date. This impressive performance has significantly outpaced the 20.1% rally of the industry it belongs to and the 17.8% growth of the Zacks S&P 500 composite.As of the last trading session, the stock closed at 359.38. SPOT is trading above its 50-day moving average, indicating a bullish sentiment among investors.Year-to-Date Price PerformanceImage Source: Zacks Investment ResearchGiven the conti ...