Why Datadog Stock Jumped 22% in September
Shares of Datadog (NASDAQ: DDOG), which operates a monitoring and security platform for cloud applications, surged 22.3% in September, according to data from S&P Global Market Intelligence. For context, the S&P 500 (including dividends) fell 3.8% last month.
(Datadog shares have gained 2.2% so far this month through Wednesday, Oct. 7. The broader market has returned 1.7% over this period.)
Datadog is a top dog among tech stocks in 2020. Shares are up 176% this year through Oct. 7. The S&P 500 has returned 7.4% over this period.
Source Fool.com
