Why Bill.com Stock Jumped 83% in 2021
Bill.com (NYSE: BILL) was a big winner last year as the back-office financial specialist posted strong results and benefited from its acquisition of Divvy. During a year when software-as-a-service stocks largely underperformed the market after skyrocketing in 2020, Bill.com bucked than trend thanks to the pandemic recovery and an increase in transactions.
According to data from S&P Global Market Intelligence, the stock finished the year up 83%. As you can see from the chart below, the stock jumped after all four of its earnings reports before cooling off toward the end of the year in a broad-based sell-off in growth stocks.
Source Fool.com