From TokenPost · · 50s
Unity Shares Jump 15% Post Earnings
Unity Software stock surged 15% Thursday as S&P 500 dropped over 4%.
In brief
Unity Software stock surged 15% Thursday as S&P 500 dropped over 4%. Unity Software shares rose 15% after earnings report amid S&P 500 decline. Originally reported by TokenPost.
Unity Shares Rose 15%
Unity Software shares rose about 15% on Thursday, Nov. 5, after its latest earnings report, while the S&P 500 fell more than 4%.
Market Reaction
The company makes software for developers creating video games and interactive 3D projects, as well as advertising tools to help them earn revenue from those creations.
Technical Analysis
Jay Woods with Chase Games said Unity had formed a double bottom, recovered its 50-day and 200-day moving averages, then gapped above a bullish flag pattern. He said the stock’s next technical test was $50.
“The last hurdle is to clear this $50 level and close above it for a few consecutive days”
What matters most
Unity Software shares rose 15% after earnings report amid S&P 500 decline.
