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.

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Source Fool.com