Skillz’s share price continues to climb – here are my thoughts

Today’s video focuses on Skillz‘s (NYSE: SKLZ) the recent movement in stock prices and the latest news affecting the company. Skillz is a gaming platform used to create competitive games, offering esports to everyone. Here are some highlights from the video:

  1. On August 31 and September 1, 2021, the Skillz share price experienced strong positive momentum. There was no significant news that could have affected the share price. Investors on many social media platforms have focused on high short stocks and named Skillz one of them, which could explain the recent excitement in stock prices.
  2. On August 19, Skillz announced that a global quiz creator would create a new game exclusively on the Skillz platform. The developer of the game is Etermax, one of the largest game developers in Latin America. The game being on the Skillz platform will allow players to play live as in a tournament and win real prizes.
  3. Andrew Paradise, CEO of Skillz, mentioned that this game could become one of the most popular trivia games of our time. At this time, there is no release date for the game.

Click on the video below for my full thoughts and analysis.

* The stock prices used were the pre-market prices as of August 31, 2021. The video was published on August 31, 2021.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

About Dorie Castro

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