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Why Shares of Elastic Were Up 10.7% This Week

·2 min read
Why Shares of Elastic Were Up 10.7% This Week
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Shares of data search software firm Elastic (NYSE: ESTC) were up 10.7% this week, according to data provided by S&P Global Market Intelligence. No new financial figures were provided, but this most recent jump is likely in response to some new product integrations as well as an acquisition. The stock is up 18% so far in 2021, but has rallied nearly 70% from lows back in May after a widespread sell-off in growth stocks.