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Why Fiverr Stock Rose 11% in January

TheMotleyFool

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Shares of Fiverr International (NYSE: FVRR) rose 11% in January, according to data provided by S&P Global Market Intelligence. It was a continuation of a trend that began September 2019, when the company, which operates an online marketplace for freelancers, hit an all-time low of around $17 per share. January's 11% gain brought the total rally up close to 50%.

There was only one noteworthy news item from Fiverr in January: It scheduled the release of its fourth-quarter and full-year 2019 earnings for the morning of Feb. 19. Perhaps that was enough to excite investors, though, considering the company beat its revenue guidance in the third quarter.

Image source: Getty Images.

Source Fool.com

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