Why Skillz Stock Soared 16% This Week

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Why Skillz Stock Soared 16% This Week
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Shares of Skillz (NYSE: SKLZ) are up 16.8% since last Friday's close, according to data provided by S&P Global Market Intelligence. The company announced the hiring of former Amazon executive Vatsal Bhardwaj as its chief product officer. Cathie Wood's ARK Innovation ETF also bought some shares this week, which could have propelled other investors to buy the stock, pushing it higher.

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