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Why Veritone Inc. Stock Popped Today

TheMotleyFool

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Shares of Veritone Inc. (NASDAQ: VERI) were up 19% as of 1:10 p.m. EDT Thursday despite no company-specific news for the recently public artificial intelligence (AI) pure play. Rather, the move extends Veritone's recent meteoric rise, which was initially spurred by a bullish Barron's article (may require subscription) around this time last month.

Veritone's stock plunged more than 45% between its IPO in mid-May (at $15 per share) and the day before the Barron's piece was released. Since that time, however, shares have skyrocketed more than 560% in what appears to be a combination of a likely short squeeze and increased visibility for Veritone stock among smaller retail investors.

Image source: Getty Images.

Source: Fool.com

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