Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Dave Are Surging This Week

TheMotleyFool

0 0

Why Shares of Dave Are Surging This Week: https://g.foolcdn.com/editorial/images/859451/positive-person-1.jpg

Since the close of trading last week, shares of the neobank (NASDAQ: DAVE) traded roughly 7.2% higher, as of 12:46 p.m. ET Friday. Shares had risen as much as 11% on Thursday amid a packed week for the company, during which it reported earnings and announced a convertible debt raise.

Since going public through a special purpose acquisition company (SPAC) at the very start of 2022, Dave has seen its shares crushed, only to have made a strong comeback that began in 2024. The stock is still down 33% since its original SPAC days, but investors who bought in mid-2022 or 2023 have made incredible gains.

Image source: Getty Images.

Source Fool.com