Why Cloudera Stock Rose 13.7% in July

Shares of Cloudera (NYSE: CLDR) rose 13.7% in July, according to S&P Global Market Intelligence. At first glance, investors might not get very excited. The big data and artificial intelligence software stock had been absolutely pummeled over the past year, following its merger with rival Hortonworks. Therefore, the rise in July may seem like a transitory bounce after shares had been more than cut in half.

CLDR 1-year total returns (daily). Data by YCharts.

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