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Why Skillz Stock Soared Today

TheMotleyFool

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Shares of online gaming company Skillz (NYSE: SKLZ) were up as much as 8% on Monday. As of 2:10 p.m. EDT, the stock was up 6.2% for the day. There was no news from the company or analyst upgrades for the stock, so it's somewhat puzzling why Skillz stock was up so much. However, the company was just added to the Russell 3000 Index and has a high short interest, which could have spurred Wall Street Bets traders on Reddit to pile into the stock.

Image source: Getty Images.

Source Fool.com

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