Please ensure Javascript is enabled for purposes of website accessibility

Why BigCommerce Stock Popped Today

By Chris Neiger - Feb 24, 2021 at 5:33PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company just announced a new deal with Walmart.

What happened

Shares of BigCommerce (BIGC 5.95%) jumped today after the company announced a new deal with Walmart that will allow eligible BigCommerce merchants to sell products directly on Walmart Marketplace. 

The tech stock spiked by as much as 11.8% today and closed the trading day up 6.8%.

So what

BigCommerce said that the deal will allow its merchants to quickly start selling their goods on through an expedited application review.

A light blue line graph and bar chart on a darker blue background.

Image source: Getty Images.

"Partnering with an industry leader like Walmart not only gives our merchants access to one of the world's largest marketplaces, it also opens additional opportunities for them to strategically expand their e-commerce footprint," BigCommerce's chief commercial officer, Russell Klein, said in a press release. 

Additionally, investors were likely pleased to see that KeyBanc Capital Markets analyst Josh Beck raised his rating for BigCommerce stock to overweight from sector weight and said the company has "under-appreciated enterprise momentum."  

Now what 

BigCommerce's stock has been volatile since the company went public in August 2020. After a massive share-price run-up following its IPO, the company's share price crashed and hasn't recovered. Even with today's share-price bump, BigCommerce stock is still down 7.1% since its IPO.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

BigCommerce Holdings, Inc. Stock Quote
BigCommerce Holdings, Inc.
$19.59 (5.95%) $1.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/27/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.