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Why UiPath Stock Was Up 95% Last Year

TheMotleyFool

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Why UiPath Stock Was Up 95% Last Year: https://g.foolcdn.com/editorial/images/760820/happy-investor-excited.jpg

Shares of software company UiPath (NYSE: PATH) were up 95.4% in 2023, according to data provided by S&P Global Market Intelligence. The S&P 500 was only up 24% by comparison, showing just how strong the performance of UiPath stock was. That said, UiPath stock didn't meaningfully pull ahead of the S&P 500 until quite late in the year.

This full-year chart shows that UiPath stock got its one major boost at the end of November. Moreover, it shows a more gradual uptick in the stock price in the weeks leading up to the big jump.