Why The Rubicon Project Stock Skyrocketed on Tuesday
Shares of The Rubicon Project (NYSE: RUBI) skyrocketed higher on Tuesday, outpacing the broad stock market's gains by a mile. By 2:30 p.m. EDT, the stock was a full 18% higher, compared to the 2% gain of the S&P 500 benchmark.
However, there wasn't any news released regarding The Rubicon Project. In the absence of news, it's just speculation, but it appears investors are scooping up shares of this forgotten advertising technology (adtech) stock on increasing optimism of a stabilizing economy.
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Source Fool.com
