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Here's Why Coupa Software Stock Jumped Today

TheMotleyFool

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Here's Why Coupa Software Stock Jumped TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of Coupa Software (NASDAQ: COUP) skyrocketed this morning after the company announced that Walmart is expanding its use of Coupa's software.

The tech stock was up by as much as 13% this morning and had gained 11.1% as of 11:04 a.m. EST.

Walmart already uses Coupa's software to optimize how it sources third-party spending in North America, but the retail giant said today that it will expand its use of Coupa's software "to enhance Walmart's visibility into its global spend" and to "help drive savings throughout the procurement supply chain."

Source Fool.com

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