Forge Global was trending in the green Tuesday after recently reporting earnings. The company may allow investors to trade private securities, but its own public shares have performed well since the report indicated rising demand for its services. FRGE stock closed up more than 25% for the day.
Forge came public via a special purpose acquisition company (SPAC) merger in March 2022 after reporting 75% revenue growth in 2021. Since then, the stock has seen considerable volatility, but it has performed well overall. Despite falling yesterday prior to earnings, it’s still in the green by more than 60% for the month.
The post Why Is Forge Global (FRGE) Stock Up 25% Today? originally appeared at InvestorPlace.