SPOT
🎵 Spotify, a long-term portfolio holding, is up over 60% and recently touched new all-time highs, demonstrating strong market performance.
📈 Despite initial market skepticism following its recent earnings report, demand quickly surfaced, pushing the stock price to new peaks.
📊 The stock showed a tight trading range this week (+0.66%), consolidating its gains near its historical maximums, a bullish sign.
@VisionariosBolsa:
“And indeed, Spotify is one of the stocks we have in our long-term portfolio for a long time, already gaining over 60-something percent profitability. We entered around the end of last year after this tight range, if I remember correctly, or this one here; I don’t remember exactly which one it was. We are gaining close to 65-67%, and this week it’s doing superbly again. Notice also a very tight candle, +0.66% this week, but we are already there touching those all-time highs. Therefore, excellent behavior from Spotify, which in fact presented corporate results weeks ago. It seems the market didn’t like them much, but demand quickly appeared; the buyer appeared and lifted the price to new all-time highs. So, without a doubt, Spotify, a stock that for the moment seems like it will be in the portfolio for much longer.”
Watch the exact part of the video where @VisionariosBolsa talks about Spotify Technology S.A. here:
Watch the video on YouTube
Read more articles by the world’s top 100 analysts on Spotify Technology S.A. (SPOT) at the following link. SPOT stock.
