Why Vroom Stock Jumped 14% Last Month

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Shares of Vroom (NASDAQ: VRM) were marching higher last month as the online used car dealer got a boost from an analyst upgrade, and also responded to the passage of a second relief bill, which included $600 individual stimulus payments. According to data from S&P Global Market Intelligence, the stock finished the month up 14%.

As you can see from the chart below, the bulk of the gains came in the middle of the month, after the positive analyst note came out.

VRM Chart

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