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Why BILL Holdings Stock Jumped 25% in December

TheMotleyFool

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Why BILL Holdings Stock Jumped 25% in DecemberPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

Shares of BILL Holdings (NYSE: BILL) were gaining last month as the stock benefited from the Federal Reserve's rate-cut announcement. After the company announced a round of layoffs, it committed to controlling costs to raise profits.

As a result, the stock gained 25% last month, according to data from S&P Global Market Intelligence. As you can see from the chart below, the stock gained in steps on a few occasions last month.