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Why Matterport's Stock Jumped 10.4% on Thursday


Shares of spatial data company Matterport (NASDAQ: MTTR) jumped as much as 10.4% in trading on Thursday after the company announced another key hire. Shares closed the day up 6.8%. 

Today, Matterport announced that Pranab Sinha is joining the company as chief information officer. He formerly held the same position at Genesys and has experience at MACOM Technology Solutions Holdings and Seagate Technology. This follows an announcement earlier this week that Jon Maron was joining as vice president of growth.

Image source: Matterport.

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Source Fool.com

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