Spotify Stock Soars 81% Year to Date: Should You Invest or Avoid?

Spotify Technology S.A. (SPOT) has seen its stock skyrocket 80.6% year to date. This impressive performance has significantly outpaced the 20.1% rally of the industry it belongs to and the 17.8% growth of the Zacks S&P 500 composite. As of the last trading session, the stock closed at $339.47, close to its 52-week high of $359.38. SPOT is trading above its 50-day moving average, indicating a bullish sentiment among investors. Year-to-Date Price Performance Image Source: Zacks Investment Research Given the c ...