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Why MOGU Stock Rocketed 59% Higher Today

TheMotleyFool

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Why MOGU Stock Rocketed 59% Higher TodayPhoto, wide shot, wide-angle lens, Clothing manufacturer, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/4c710447-f68a-47bc-a682-c2d83e801596.png

Shares of MOGU (NYSE: MOGU) kicked it into overdrive in afternoon trading Thursday, soaring 59% on no apparent news for the Chinese fashion and lifestyle company.

MOGU filed its fiscal 2020 annual 20-F report with the Securities and Exchange Commission (a 20-F is similar to a 10-K annual report, but for foreign companies) after the market closed on Wednesday. But that doesn't seem to be the catalyst for the sudden surge in the stock.

Image source: Getty Images.

Source Fool.com

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