Why Skillz Stock Popped Today
Shares of mobile-gaming platform provider Skillz (NYSE: SKLZ) popped on Friday, and shareholders may have the market to thank for this. All of the major stock indexes were firmly in the green as of 11:45 a.m. EDT, likely contributing to Skillz's 6% gain. However, it's also possible investors are still digesting the press release the company issued yesterday, which shared news of an exciting new game launch.
Based in Argentina, Etermax is the game developer behind the globally successful trivia game Trivia Crack. Not only is this game played in 180 countries, but it also boasts 150 million annual users. Compare that with the mere 2.4 million monthly active users on Skillz's platform. It's easy to see why investors are excited that Trivia Crack will launch on Skillz sometime in the near future.
Image source: Getty Images.
Source Fool.com
