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Why Spotify Technology's Stock is Trading Higher Today

January 21, 2021 10:29 am
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Why Spotify Technology's Stock is Trading Higher Today

Spotify Technology's Stock Price And Volume Action

Spotify Technology (NYSE:SPOT) is currently up 4.94% to a price of $343.52. Thursday the stock has been traded at a volume of 271.60 thousand, about 21.77% of its recent 30-day volume average of 1.25 million.

Why It's Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: Spotify Technology shares are trading higher after Rosenblatt maintained a Buy rating on the stock and raised its price target from $325 to $390.

Insights On Recent Price Action

The moving average price of the stock over the past 50 days was $306.52 at the time this article was published. In the past fifty-two weeks, the stock price has been as high as $370.95 and as low as $109.18.

If you're looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving' alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.

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