Here's Why Digital Turbine Stock Jumped Over 17% in September
Shares of Digital Turbine (NASDAQ: APPS) jumped 17.6% in September, according to data provided by S&P Global Market Intelligence, bucking a market downtrend during the month. The advertising technology company might have gained increased visibility during the month thanks to being added to a certain index. But the stock may have also gone up because of what the CEO had to share with investors on Sept. 15.
In August, it was announced that Digital Turbine would be added to the S&P MidCap 400 index. However, its addition didn't happen until Sept. 7. Therefore it's possible that some investors were just discovering the company for the first time in early September as a result of this news.
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Source Fool.com
