Why Arlo Stock Skyrocketed Today

Evan Niu, CFA, The Motley Fool
·2-min read
Why Arlo Stock Skyrocketed Today

Shares of Arlo (NYSE: ARLO) skyrocketed by as much as 47% Tuesday after investors noticed an exclusive product listing on Apple's online storefront. Landing an exclusive distribution deal with Apple could prove a significant windfall for Arlo, a small-cap company that specializes in smart home technology and gadgets. The Apple Store listing that got the market's attention is for a pair of Arlo Ultra 4K wireless security cameras, which closely resemble the Arlo Ultra 2 camera the company sells on its own website, but which has a slightly different model number.