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 Upwork Rose 49.3% in May

TheMotleyFool

0 0

Shares of Upwork (NASDAQ: UPWK) rose 49.3% during the month of May, according to data from S&P Global Market Intelligence. The online talent marketplace, where employers and freelancers meet and interact, rose in response to the company's first-quarter earnings report, released on May 6.

Upwork's stock had actually been on a downward slide ever since last summer, and it was further beaten-down in March as the COVID-19 pandemic led to big recession fears and a slowdown in overall hiring. However, Upwork's technology allows for people to find remote jobs from home, and apparently, activity has been picking up recently.

Image source: Getty Images.

Source Fool.com

Like: 0

UPWK

Share