BZ - Why Kanzhun Stock Jumped 15% This Week
2024-03-15 19:31:44 ET
Shares of Kanzhun (NASDAQ: BZ) climbed 13.2% this week, according to data provided by S&P Global Market Intelligence , after the China-based online recruitment platform released strong quarterly results and a new $200 million share repurchase authorization.
To be sure, shares rose nearly 19% on Tuesday alone after Kanzhun's report hit the wires, but have since given back some of that single-day gain along with the broader market.
Kanzhun's cutting-edge recruitment platform has proven successful in disrupting traditional recruiting techniques, using AI and big data insights and a mobile-centric interface to directly connect bosses with suitable candidates.
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Why Kanzhun Stock Jumped 15% This Week