Why ChannelAdvisor Stock Skyrocketed Today

Shares of ChannelAdvisor (NYSE: ECOM) skyrocketed higher on Friday morning, up 33% as of 11 a.m. EDT, after the e-commerce cloud-technology company supplied investors with a pair of positive press releases.

ChannelAdvisor provided preliminary results for the second quarter of 2020, and they exceeded previous guidance. Furthermore, the company is acquiring an analytics firm called BlueBoard. 

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Source Fool.com