Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Monday.com Stock Were Soaring This Week

TheMotleyFool

0 0

Why Shares of Monday.com Stock Were Soaring This Week: https://g.foolcdn.com/editorial/images/777772/chart-up-to-the-right.jpg

Shares of Monday.com (NASDAQ: MNDY) were soaring over 25% this week, according to data from S&P Global Market Intelligence. The low-code workplace management software platform posted strong revenue growth yet again in the first quarter of 2024, impressing Wall Street. The stock is now up 22% this year but still off 50% from all-time highs.

Here is why Monday.com stock was up this week.

Monday.com's software aims to be the communications and organizational plumbing of a business. It helps people delegate tasks and is a centralized hub for employee tasks. Essentially, its core use is for managers to assign workers jobs, and monitor their work, all in an organized manner.

Source Fool.com

Like: 0

MNDY

Share