Why TuSimple Stock Soared 25% Over the Last 2 Days
Shares of TuSimple (NASDAQ: TSP), which develops self-driving technology for long-haul trucks, jumped 8% on Tuesday bringing their two-day gain to 25.3% after Monday's pop of 16%. This marks two consecutive days of the stock setting a new high.
Investors seem enthused about the prospects for the newly public company, which held its initial public offering (IPO) on April 15. The stock IPOed at $40 and closed at $70.55 on Tuesday, so it's up 76.4% since it began trading two and a half months ago.
For context, the S&P 500 was up just 0.6% in the first two days of this week.
Source Fool.com
