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Why MOGU Rocketed Higher Today

TheMotleyFool

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Shares of MOGU (NYSE: MOGU) rocketed 60% higher during trading on Tuesday, though by the market's close it ended up "only" 24% higher.

There was no apparent news that should have triggered the surge, other than the Chinese fashion and lifestyle company's announcement yesterday it would be reporting fiscal first-quarter earnings next week. While investors might be hopeful about what this small-cap stock will report, it's doubtful they're that excited.

Image source: Getty Images.

Source Fool.com

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