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Why PagerDuty Stock Jumped 19% in December

Jeremy Bowman, The Motley Fool
·3-min read
Why PagerDuty Stock Jumped 19% in December

Shares of PagerDuty (NYSE: PD) were bucking the broader trend in the market last month as the cloud software company that specializes in observability and monitoring tools posted strong third-quarter results in the beginning of the month; the stock continued to move higher from there. According to data from S&P Global Market Intelligence, PagerDuty finished December 19% higher. PagerDuty jumped 5.1% on Dec. 2 after the company, whose software helps companies to be aware of outages in their tech stack, beat estimates in its third-quarter earnings report and raised its guidance.

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