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Why Bill.com Stock Jumped 33% in August

TheMotleyFool

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Shares of Bill.com (NYSE: BILL) were cruising higher last month after the cloud-based back-office payments specialist posted strong fourth-quarter results. According to data from S&P Global Market Intelligence, the stock finished August up 33%.

As you can see from the chart below, the stock traded even for much of the month before surging higher on its earnings report.