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Why Splunk Stock Jumped by 32.7% in the First Half of 2020

TheMotleyFool

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Why Splunk Stock Jumped by 32.7% in the First Half of 2020

Shares of Splunk (NASDAQ: SPLK) gained 32.7% in the first six months of the year, significantly outperforming the broader market, according to data from S&P Global Market Intelligence. The stock's climb was propelled by the company's new partnership with Alphabet, encouraging first-quarter results, and momentum for the broader data analytics industry.