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Why Poet Technologies Stock Skyrocketed Today


After a pullback in yesterday's trading, Poet Technologies (NASDAQ: POET) stock went on to deliver a massive rally in Friday's trading. The tech company's share price gained 28.8% in a day of trading that played host to an 0.8% gain for the S 500 and a 1.6% gain for the Nasdaq Composite.

While the market bristled at ServiceNow's quarterly results yesterday and broadly sold out of software and technology stocks, the trend proved to be short-lived. Friday delivered a big rebound rally for the tech sector, and the trend helped reignite a powerful bullish rally for Poet stock. The company's share price climbed 120.5% over the last week.

Image source: Getty Images.

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Source Fool.com

ServiceNow Inc. Stock

€108.20
6.230%
A very strong showing by ServiceNow Inc. today, with an increase of €6.35 (6.230%) compared to yesterday's price.
The stock is one of the favorites of our community with 120 Buy predictions and 4 Sell predictions.
With a target price of 131 € there is a positive potential of 21.07% for ServiceNow Inc. compared to the current price of 108.2 €.
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