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Here's Why Doximity Stock Is Surging Today

TheMotleyFool

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Here's Why Doximity Stock Is Surging TodayPhoto, wide shot, wide-angle lens, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/80e18bfd-1ff8-4487-af62-1cdb7de1ceb6.png

Shares of Doximity (NYSE: DOCS) are on the move after an encouraging fiscal first-quarter earnings report. Investors excited about the niche healthcare networking platform's expanding profit margins drove the stock 21.9% higher as of 1:06 p.m. EDT on Wednesday.

Doximity made its stock market debut just a couple of months ago, so this was its first quarterly earnings report as a publicly traded company. Expectations were high, but the company exceeded them anyway.

Image source: Getty Images.

Source Fool.com

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