Ces95
2021-09-01
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Here's Why Skillz Stock Suddenly Spiked Today
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But around 1:30 p.m. EDT, the stock suddenly spiked higher, seemingly out of nowhere. As of this writing, the stock is up 12%. After a little digging, it seems that some chatter on social news platform Reddit could be responsible for the jump.</p>\n<p><b>So what</b></p>\n<p>A Reddit user posted that they had purchased $4.8 million in Skillz stock. Normally, I'd be reluctant to mention something like this. But there's no other news from Skillz today. Moreover, the time of the Reddit post roughly corresponds to the jump in Skillz stock. Therefore, this possibility can't be dismissed.</p>\n<p>To be clear, one Reddit user likely can't move Skillz stock this much on their own. But as we've seen with other stocks in 2021, a strong vote of confidence on Reddit can inspire many other investors to also purchase shares. And this combined effort can cause a stock to make moves.</p>\n<p><b>Now what</b></p>\n<p>Wondering if you should join the new wave of Skillz investors? I'll leave you with two thoughts. First, I wouldn't recommend ever buying or selling a stock based solely on what someone else is doing. At a minimum, you should know what the company does, and you should have a basic understanding of how its business model can create shareholder value over time.</p>\n<p>Second, remember that not everyone is playing the same game when it comes to the stock market. Someone might make a multimillion-dollar bet, but you don't know their personal financial situation or how long they plan to hold. When it comes to my approach, I'm interested in building adiversified portfolioof stocks that Ihold for many years. This strategy allows me to take advantage of the stock market's upward bias over time and also compensates for my own fallibility. This is the game I think other investors should be playing too.</p>\n<p>For the record, I'm a satisfied Skillz shareholder, and I believe it'sa company you should get to know. That said, I'd suggest investors<i>not</i>make rash buying decisions based on social media hype. If Skillz is a great long-term opportunity, it will still be there afteryou've done some research.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why Skillz Stock Suddenly Spiked Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere's Why Skillz Stock Suddenly Spiked Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-01 07:57 GMT+8 <a href=https://www.fool.com/investing/2021/08/31/heres-why-skillz-stock-suddenly-spiked-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Someone just made a multimillion-dollar bet on this company.\n\nWhat happened\nShares of mobile-gaming platform Skillz Inc were trading modestly higher for most of Tuesday's session. But around 1:30 p.m....</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/31/heres-why-skillz-stock-suddenly-spiked-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SKLZ":"Skillz Inc"},"source_url":"https://www.fool.com/investing/2021/08/31/heres-why-skillz-stock-suddenly-spiked-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139912608","content_text":"Someone just made a multimillion-dollar bet on this company.\n\nWhat happened\nShares of mobile-gaming platform Skillz Inc were trading modestly higher for most of Tuesday's session. But around 1:30 p.m. EDT, the stock suddenly spiked higher, seemingly out of nowhere. As of this writing, the stock is up 12%. After a little digging, it seems that some chatter on social news platform Reddit could be responsible for the jump.\nSo what\nA Reddit user posted that they had purchased $4.8 million in Skillz stock. Normally, I'd be reluctant to mention something like this. But there's no other news from Skillz today. Moreover, the time of the Reddit post roughly corresponds to the jump in Skillz stock. Therefore, this possibility can't be dismissed.\nTo be clear, one Reddit user likely can't move Skillz stock this much on their own. But as we've seen with other stocks in 2021, a strong vote of confidence on Reddit can inspire many other investors to also purchase shares. And this combined effort can cause a stock to make moves.\nNow what\nWondering if you should join the new wave of Skillz investors? I'll leave you with two thoughts. First, I wouldn't recommend ever buying or selling a stock based solely on what someone else is doing. At a minimum, you should know what the company does, and you should have a basic understanding of how its business model can create shareholder value over time.\nSecond, remember that not everyone is playing the same game when it comes to the stock market. Someone might make a multimillion-dollar bet, but you don't know their personal financial situation or how long they plan to hold. When it comes to my approach, I'm interested in building adiversified portfolioof stocks that Ihold for many years. This strategy allows me to take advantage of the stock market's upward bias over time and also compensates for my own fallibility. This is the game I think other investors should be playing too.\nFor the record, I'm a satisfied Skillz shareholder, and I believe it'sa company you should get to know. That said, I'd suggest investorsnotmake rash buying decisions based on social media hype. If Skillz is a great long-term opportunity, it will still be there afteryou've done some research.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/816037978"}
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