Why SelectQuote Stock Rose 14.7% This Week
SelectQuote (NYSE: SLQT) had another good week as the stock price climbed 14.7% higher from last Friday's close through 10:35 a.m. ET on Feb. 17, according to S&P Global Market Intelligence. The penny stock is trading at about $2.23 per share and is up a whopping 232% year to date as of this morning.
It once again beat the markets as the S&P 500 and the Dow Jones Industrial Average were both down 0.5%, while the Nasdaq Composite was up just 0.4% this week.
SelectQuote has been good to investors this year, as it is up some 232% year to date, with a good chunk of that coming last week following the release of its fiscal second-quarter earnings report. The stock surged roughly 118.8% higher last week on a report that saw a 64% year-over-year increase in revenue and crushed earnings expectations with net income of $22 million, or $0.14 per share, up from a net loss a year ago this quarter.
Source Fool.com
