Evaluating Spotify After Recent Price Surge and Announced Customer Price Increases
If you are trying to decide what to do with your Spotify Technology shares right now, you are in good company. The stock has delivered some jaw-dropping gains recently, climbing 46.6% year-to-date and an astonishing 80.6% in the past year. Longer-term holders are also smiling, with a three-year return of 656.4% and a five-year gain of 147.4%. But more recently, Spotify shares have lost a bit of that momentum, slipping -0.5% over the past week and -4.5% in the last month. Is this just a well-earned breather after a sprint, or the start of something more significant?
On the news front, Spotify has been busy. The company signaled it will be increasing prices as it rolls out new services. This is usually considered a bullish sign for future…
