Spotify Stock Surge: Why Investors Are Buying Despite High Prices
SPOTSpotify(SPOT) MarketBeat·2024-11-15 20:15

Most investors would be wary of attempting to buy a stock near its highs, and much less after a recent run to the upside, thinking that they can get the proverbial rug pulled from under them. However, sometimes the fundamental picture provides enough evidence and justification to let investors buy into a rally without worrying about a top and turn. This could be the case for shares of Spotify Technology NYSE: SPOT, as the stock is up over 8% in a single day after the company reported its latest quarterly ea ...