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Why Globant Stock Jumped 41.3% in the First Half of 2020

Keith Noonan, The Motley Fool
·2 min read
Why Globant Stock Jumped 41.3% in the First Half of 2020

Shares of Globant (NYSE: GLOB) gained 41.3% in the first six months of the year, according to data from S&P Global Market Intelligence. The growth-dependent software stock took a sizable hit as coronavirus-related sell-offs rocked the market in March, but it closed out the first half of 2020 with strong gains thanks to strong business performance and industry tailwinds. Globant has delivered two quarterly reports this year with sales and earnings that came in ahead of expectations.

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