Spotify Stock Gains Over 4%

(RTTNews) - Spotify Technology S.A. (SPOT) rose 3.92 percent on Wednesday to $697.09, gaining $28.62 from its previous close of $670.77, even though no new news or company developments were announced. The stock opened at $677.00 and reached an intraday high of $701.95, setting a new 52-week high on the New York Stock Exchange. The day's trading range was $676.03 to $701.95, with volume totaling 1.4 million shares—below the average daily volume of 2.6 million. SPOT has been on a strong upward trend in recent months, now trading well above its 52-week low of $288.07.