Why Criteo Stock Jumped 10.2% in July
Shares of Criteo (NASDAQ: CRTO) rallied 10.2% in July, according to data from S&P Global Market Intelligence, as investors anticipated the ad-retargeting company's second-quarter 2019 report at the end of the month.
For perspective, the move only partially recouped Criteo's more than 20% drop through the first six months of the year. But when the company's Q2 release officially hit the wires the morning of July 31, shares briefly rallied as much as 10% that day before giving back the bulk of those post-earnings gains by the close -- a likely consequence of traders taking profits following Criteo's steady climb leading up to the report.
IMAGE SOURCE: CRITEO.
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