Spotify [SPOT] Stock Surges 16.17%

Spotify New $Spotify [SPOT] stock surged $19.15 or 16.17% closing at $140.20 on Monday after the streamer reported strong user growth and a surprise profit. The stock retreated just 1% in early trading on Tuesday.

MORE: Spotify Passes 113M Paid Subscribers As Average Revenue Per User Decline Continues

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