Why Matterport Stock Soared 44% in November
Shares of Matterport (NASDAQ: MTTR) jumped 44.2% in November, according to data from S&P Global Market Intelligence. This compares with the S&P 500 index's 0.8% decline last month. The primary catalyst for the spacial data company stock's rise was likely investor enthusiasm about its potential to be a major player in the metaverse.
Since going public in July via a special purpose acquisition company, Matterport stock has gained 97% through Dec. 2. The S&P 500 returned 5.2% over this period.
Image source: Getty Images.
Source Fool.com
