Why Riskified Stock Jumped Today
RSKDRiskified .(RSKD) The Motley Fool·2024-05-16 04:38

The company is growing and achieving record cash flow.Shares of enterprise software company Riskified (RSKD 15.30%) jumped on Wednesday after the company reported financial results for the first quarter and showed meaningful progress in important areas. As of 3:10 p.m. ET today, the stock was up 14%.A marginal improvementRiskified's software helps companies detect a more-accurate number of fraudulent purchases, boosting sales and lowering charge-backs, in theory. In the first quarter, the company's merchand ...