Why Genius Sports Is Jumping 9% Today

Shares of Genius Sports (NYSE: GENI) were running 9% higher in afternoon trading Thursday after the official sports-data provider reported robust first-quarter results.

As sports betting has taken off in the U.S., Genius Sports is the straw that stirs the drink, mixing data and media with sportsbooks, which allowed it to raise prices as contracts came up for renewal or were renegotiated.

Image source: Getty Images.

Continue reading

Source Fool.com