- Skillz ( NYSE: SKLZ ) shares rose as much as 6%, Tuesday, on heavy trading volume and no notable news from the mobile games platform developer.
- More than 18 million shares of Skillz ( SKLZ ) had been exchanged heading towards Tuesday's close of trading. Skillz ( SKLZ ) typically sees an average of just under 9 million shares exchanged on a daily basis.
- With Tuesday's gains, Skillz ( SKLZ ) shares got to as high at $2.18 a share, the first the company's stock price got above $2 a share in two months.
- Earlier this month, NPD Group data showed that consumer spending on video games in the second quarter fell by 13% from the same period a year ago .
- Wall Street analysts have a consensus buy rating on Skillz ( SKLZ ) stock, while Seeking Alpha authors give Skills ( SKLZ ) a sell rating. Seeking Alpha's quant system, which regularly beats the maket, also gives Skillz ( SKLZ ) stock a sell rating .
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Skillz shares climb 5% as gaming platform maker hits two-month high