Why Skillz Rose More Than 10% This Week

Shares of video game platform Skillz (NYSE: SKLZ) rose this week, up 15.1% at its weekly high, before retracing back to a 9.1% gain for the week as of today, Dec. 10, at 2 p.m. ET.

There wasn't any clear reason for Skillz's rise other than the fact that it had been beaten down pretty severely heading into the week, as was the case for many tech stocks. Perhaps receding Omicron fears boosted sentiment for growth, although it still appears as though the Federal Reserve may tighten financial conditions more quickly.

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Source Fool.com