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Why Upwork Stock Popped 11% This Morning

Rich Smith, The Motley Fool
·1-min read
Why Upwork Stock Popped 11% This Morning

Shares of Upwork (NASDAQ: UPWK), which operates a website to facilitate freelance work, popped more than 11% in early trading Monday, and remained up a healthy 6.7% at the close. There seemed to be no news whatsoever to explain Upwork's quick move up today. In an article on Marketwatch earlier today, Canaccord Genuity's chief market strategist Tony Dwyer was asked to comment on unusual stock moves in the market of late, and he noted that stocks appear to be trading right now "based on the coronavirus impact and a probable abnormal economic recovery" from the current downturn.

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