Why Veeva Systems Stock Gained 10% in March While the Market Plunged
Shares of Veeva Systems (NYSE: VEEV) gained 10.1% in March, according to data from S&P Global Market Intelligence. They're down 1.4% this month through April 7 and have gained 9.7% so far in 2020.
Veeva provides cloud-based software solutions primarily for the life sciences industry.
For context, the S&P 500 index returned negative 12.4% in March. The market sell-off was due to fears that the economic impact of the coronavirus pandemic will be significant and could tip the United States into a recession. The broader market has returned 2.9% so far this month through April 7 and negative 17.2% so far this year.
Source Fool.com
