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Why Bill.com Stock Gained 35% Last Month

TheMotleyFool

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Why Bill.com Stock Gained 35% Last Month

Shares of Bill.com (NYSE: BILL) were climbing last month after the back-office billing and payments specialist posted a strong second-quarter earnings report early in the month, topping estimates on the top and bottom lines. According to data from S&P Global Market Intelligence, the stock finished February up 35%.

As you can see from the chart below, the stock jumped on the Feb. 5 report, and then gave back some of those gains at the end of the month on a broader sell-off in tech stocks.