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Why PagerDuty Stock Jumped 19% in December

TheMotleyFool

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Why PagerDuty Stock Jumped 19% in DecemberPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of PagerDuty (NYSE: PD) were bucking the broader trend in the market last month as the cloud software company that specializes in observability and monitoring tools posted strong third-quarter results in the beginning of the month; the stock continued to move higher from there.

According to data from S&P Global Market Intelligence, PagerDuty finished December 19% higher. As you can see from the chart below, the stock rallied in the middle of the month after a brief bump at the start of December.