Why Gartner Stock Jumped 18% in May
Shares of research and advisory giant Gartner (NYSE: IT) jumped 18.4% in May, according to data from S&P Global Market Intelligence. The catalyst behind the pop was the company's release of a strong first-quarter report, which included a raise in full-year revenue and earnings guidance.
For context, the S&P 500 returned 0.7% last month.
Gartner is solidly outperforming the market so far this year after underperforming last year. In 2021, the stock is up 44.2% through June 7, while the S&P 500 has returned 13.3% over this period. In 2020, Gartner stock eked out a gain of 4%, while the broader market returned 18.4%.
Source Fool.com
