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Why Kanzhun Stock Jumped 15% This Week

TheMotleyFool

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Why Kanzhun Stock Jumped 15% This Week: https://g.foolcdn.com/editorial/images/769372/chinese-businessman-shaking-hands.jpg

Shares of Kanzhun (NASDAQ: BZ) climbed 13.2% this week, according to data provided by S&P Global Market Intelligence, after the China-based online recruitment platform released strong quarterly results and a new $200 million share repurchase authorization.

To be sure, shares rose nearly 19% on Tuesday alone after Kanzhun's report hit the wires, but have since given back some of that single-day gain along with the broader market.

Kanzhun's cutting-edge recruitment platform has proven successful in disrupting traditional recruiting techniques, using AI and big data insights and a mobile-centric interface to directly connect bosses with suitable candidates.

Source Fool.com

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