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Why PubMatic Gained 18% in August

TheMotleyFool

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Why PubMatic Gained 18% in August: https://g.foolcdn.com/editorial/images/699699/ad-tech-woman-looking-at-screen.jpg

Shares of PubMatic (NASDAQ: PUBM) were gaining last month after the ad tech company turned in a better-than-expected second-quarter earnings report. According to data from S&P Global Market Intelligence, the stock finished August up 18% as the company bucked expectations after several digital advertising companies posted weak quarterly numbers.

As you can see from the chart below, the stock soared on its earnings report but then gave back some of those gains over the rest of the month.