Why Triterras Stock Rallied Today
Shares of Triterras (NASDAQ: TRIT) skyrocketed today after an analyst initiated coverage of the company's stock with an outperform rating.
The tech stock was up by as much as 20.8% today, but it lost much of those gains and ended the day up 4.9%.
Oppenheimer analyst Owen Lau initiated coverage of Triterras with an outperform rating and a price target of $23 per share late yesterday. Investors jumped on that news today and pushed the fintech company's stock up early in the day.
Source Fool.com