Why Mogo Stock Crushed the Market on Wednesday
The stock of fast-growing Canadian fintech Mogo (NASDAQ: MOGO) was a standout on Wednesday. The company's shares rocketed more than 19% higher on the day, thanks to encouraging quarterly results. That positively trounced the performance of the S&P 500 index, which sagged by over 1%.
In its fourth quarter of 2021, Mogo took in 17 million Canadian dollars ($14 million) of revenue, which was 70% higher on a year-over-year basis. The company didn't hesitate to mention that this marks the third quarter in a row of increasing growth.
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Source Fool.com
