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DMYD - Why dMY Technology Group Stock Popped 23.1% on Wednesday
dMY Technology Group Inc
Shares of dMY Technology Group (NYSE: DMYD) jumped as much as 23.1% in trading Wednesday after the company announced a key partnership. Shares were still up 14.1% at 3:30 p.m. EDT.
Genius Sports Group, which dMY Technologies is merging with, announced that it has formed an exclusive long-term partnership with Beach Soccer Worldwide. The deal will allow Genius Sports Group to "drive the development of its sport, commercializing over 500 games per year with the regulated betting industry."