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Why Globant Stock Is Skyrocketing Today

TheMotleyFool

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Why Globant Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/870497/gettyimages-1574245332.jpg

(NYSE: GLOB) stock is surging in Friday's trading. The company's share price had risen 12.7% as of 1 p.m. ET despite bearish momentum for the broader market. At the same point in the session, the S 500 and the Nasdaq Composite were down 1% and 1.3%, respectively.

Globant published its first-quarter results after the market closed yesterday and reported a significant sales beat. Despite the big pop today, the company's share price is still down roughly 41% year to date.

Image source: Getty Images.

Source Fool.com