Why Pegasystems Stock Skyrocketed This Week

Pegasystems (NASDAQ: PEGA) stock managed to close out this past week's trading. The company's share price roared 24.2% higher compared to where it stood at the end of the previous week's market close.Pegasystems valuation bounded higher after the company published better-than-expected quarterly results and outlined artificial intelligence (AI) growth initiatives. The stock also got a boost from a bullish backdrop for the broader market, with the S&P 500 climbing 1.9% over the stretch and the Nasdaq Composite surging 2.3% over the past week.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool