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How Fiverr Shares Rose 37% Last Month

TheMotleyFool

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Shares of freelance services specialist Fiverr (NYSE: FVRR) gained 36.8% in November, according to data from S&P Global Market Intelligence. It was a rocky ride, with both the ups and the downs powered by developments in the ongoing COVID-19 pandemic.

Fiverr shares rose and fell by double-digit percentages on several occasions last month. In every case, the move was motivated by positive or negative coronavirus news. When vaccine candidates moved closer to public release, Fiverr's stock took a haircut. When the number of new infections increased, Fiverr investors pocketed some profits. That's life when your business is poised to benefit from a longer and darker coronavirus crisis.

Image source: Getty Images.

Source Fool.com

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