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Shares of gig marketplace Fiverr International (NYSE: FVRR) traded sharply higher on Thursday. The stock rose as much as 18.6% but was up about 6% as of 1:10 p.m. ET. Interestingly, however, these gains came after the stock was initially down about 7.5%.
Here's what's behind the stock's volatility today.
Fiverr's move higher follows the tech company 's second-quarter earnings report, which was released before market open on Thursday.