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Why Matterport Stock Jumped on Tuesday

TheMotleyFool

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Shares of spacial data company Matterport (NASDAQ: MTTR) jumped as much as 14.3% on Tuesday as growth stocks popped across the market. At 1:50 p.m. ET today, shares were still up 11.3% and have been holding steady for the last few hours.

The biggest driver of Matterport's stock today is a recovery in growth stocks. After selling off for the last week, we are seeing a sharp bounce back today. But you can see below that the stock still isn't back to where it was late in November.