Why Fiverr Stock Is Soaring Today

Shares of Fiverr International (NYSE: FVRR) were soaring 12.3% as of 11:07 a.m. EST on Tuesday. The company, which operates a platform that connects freelancers with buyers of digital services, didn't announce any news. Instead, the big gain for Fiverr stock stemmed from an overall rebound for the stock market.

Stock market volatility works both ways for investors. Major sell-offs can be followed -- sometimes very quickly -- by major uptrends. That's what we're seeing with Fiverr today.

The primary reason behind the overall market rise is the likelihood that a $1.9 trillion stimulus bill will be signed into law later this week. Good news for the U.S. economy should translate into good news for Fiverr.

Source Fool.com