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EB - Why Shares of Eventbrite Are Skyrocketing Today
Eventbrite Inc. Class A
Shares of Eventbrite (NYSE: EB), an event-management and ticket company, were climbing higher today after the stock received a buy recommendation. It was up 15.8% as of 10:39 a.m. EDT on Monday.
The company's share price shot up on Monday morning after SunTrust Robinson Humphrey upgraded the stock from hold to buy. Investors were desperate for any glimmer of positivity surrounding Evenbrite's shares, which are down 66% over the past three months.