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Why Sogou Stock Skyrocketed 106.2% in July

TheMotleyFool

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Why Sogou Stock Skyrocketed 106.2% in July

Shares of Sogou (NYSE: SOGO) jumped 106.2% in July, according to data from S&P Global Market Intelligence. The stock climbed in conjunction with market momentum for much of the month and then saw a pronounced spike following news that the China-based internet search company had received an acquisition offer from Tencent Holdings (OTC: TCEHY).