Skillz Inc. (NYSE:SKLZ) shares are trending on Friday.
SKLZ shares dropped 25.14% to $9.20 in pre-market trading on Friday after the Las Vegas-based mobile games platform prevailed in its false advertising dispute. The stock rallied 238.32% to $12.45 on Thursday, according to Benzinga Pro.
“We’re pleased with the jury’s verdict and appreciate the careful consideration of the facts,” Skillz said. “We remain committed to fair competition and to providing a trusted, transparent experience for players and developers.”
Trading Metrics, Technical Analysis
Skillz has a market capitalization of $194.23 million, with a 52-week high of $20 and a 52-week low of $2.23.
The Relative Strength Index (RSI) of SKLZ stands at 91.38.
The small-cap stock has gained 159.38% over the past 12 months.
Currently, the stock is positioned at about 57.51% above its 52-week low,
Benzinga’s Edge Stock Rankings indicate that SKLZ is experiencing stock is experiencing a positive price trend across all time frames.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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