Why Shares of Upwork Rose 49.3% in May
Shares of Upwork (NASDAQ: UPWK) rose 49.3% during the month of May, according to data from S&P Global Market Intelligence. Upwork's stock had actually been on a downward slide ever since last summer, and it was further beaten-down in March as the COVID-19 pandemic led to big recession fears and a slowdown in overall hiring. During the first quarter, Upwork's revenue grew 21.5% to $83.19, which exceeded expectations.