Why Skillz Stock Just Popped 8%

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Shares of esports platform provider Skillz, Inc. (NYSE: SKLZ) are soaring in afternoon trading Monday, up 8.2% as of 2:20 p.m. EST.

You can thank Citigroup for that, because this morning, the megabank announced it is initiating coverage of recent SPAC IPO Skillz with a buy rating and a $27 price target.  

Image source: Getty Images.

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