Spotify Stock Ascends 98% Year to Date: Buy, Hold, or Sell?
Spotify(SPOT) ZACKS·2024-10-16 00:15
Spotify Technology S.A. (SPOT) has seen its stock skyrocket 98.2% year to date, significantly outperforming the 33.5% rally of the industry. Zacks Investment Research Image Source: As of the last trading session, the stock closed at $372.5, close to its 52-week high of $389.23. SPOT is trading above its 50-day moving average, indicating a bullish sentiment among investors. SPOT Stock Trades Above 50-Day Average Zacks Investment Research Image Source: Given the continuous strength in SPOT shares, investors m ...