Why Bill.com Stock Was Spiking Today
Shares of Bill.com (NYSE: BILL) were climbing today after the back-office software company posted strong third-quarter results, beating analyst estimates, and said it would acquire Divvy, a privately held leader in spend management for small and medium-sized businesses (SMBs), for $2.5 billion.
As a result, the stock was up 15.7% as of 1:38 p.m. EDT.
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Source Fool.com
