Why MuleSoft, Inc. Stock Gained 16.1% in October

Why MuleSoft, Inc. Stock Gained 16.1% in October

Shares of MuleSoft, Inc. (NYSE: MULE) gained 16.1% in October, according to data provided by S&P Global Market Intelligence. The company's stock climbed on favorable ratings coverage and held on to its gains following a solid quarterly report late in the month. 

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With a market cap of roughly $3 billion and a growth-dependent valuation, MuleSoft can post significant movement in relation to new ratings coverage. The enterprise cloud software company received a fresh round of favorable coverage last month.

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Source: Fool.com