Shares of Upwork Inc. (NASDAQ: UPWK) , a platform for freelancers, jumped today on no company-specific news. However, the stock may be rising following Upwork's strong November share-price gains.
The tech stock spiked by as much as 11.5% today and ended the trading day up 8.5%.
Upwork's shares skyrocketed in November after the company released third-quarter figures. Sales increased 24% year over year to $96.7 million, outpacing analysts' consensus estimate of $90.4 million. The company's non- GAAP earnings of $0.04 also beat Wall Street's estimate of a loss of about $0.06 per share.
For further details see:
Why Upwork Stock Rose Today