Why Cloudera Stock Jumped 23.8% Last Month
Shares of Cloudera (NYSE: CLDR) gained 23.8% in May, according to data from S&P Global Market Intelligence . Cloudera's momentum in May seems to have been primarily driven by recovery in the broader market, but the stock may have benefited from the company announcing a new customer and detailing uses for its cloud-based data platform in the financial services industry. Cloudera's gains last month came on the heels of a 5.2% increase for the company's share price in April.
