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Why ChannelAdvisor Stock Skyrocketed Today

TheMotleyFool

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Why ChannelAdvisor Stock Skyrocketed TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of ChannelAdvisor (NYSE: ECOM) skyrocketed higher on Friday morning, up 33% as of 11 a.m. EDT, after the e-commerce cloud-technology company supplied investors with a pair of positive press releases.

ChannelAdvisor provided preliminary results for the second quarter of 2020, and they exceeded previous guidance. Furthermore, the company is acquiring an analytics firm called BlueBoard.

Image source: Getty Images.

Source Fool.com

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