Why Poet Technologies Stock Skyrocketed Today

After a pullback in yesterday's trading, Poet Technologies (NASDAQ: POET) stock went on to deliver a massive rally in Friday's trading. The tech company's share price gained 28.8% in a day of trading that played host to an 0.8% gain for the S&P 500 and a 1.6% gain for the Nasdaq Composite. While the market bristled at ServiceNow's quarterly results yesterday and broadly sold out of software and technology stocks, the trend proved to be short-lived. Friday delivered a big rebound rally for the tech sector, and the trend helped reignite a powerful bullish rally for Poet stock. The company's share price climbed 120.5% over the last week. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool