Why Shares of Green Dot Rose 25.2% in May
Shares of Green Dot (NYSE: GDOT) rose 25.2% in May, according to data from S&P Global Market Intelligence. The financial technology "banking-as-a-service" (BaaS) company saw its share price rise as investors began to price in better economic activity.
In addition, the company released its first quarter earnings report during the month, which came in ahead of analyst expectations. The company is also now armed with a new CEO after an activist investor bought into Green Dot earlier this year.
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Source Fool.com
