Why Skillz Was Beating the Market on Monday

Why Skillz Was Beating the Market on Monday

The stock of mobile games platform operator Skillz (NYSE:SKLZ) was a winner on Monday, as it was well outpacing the gain of the S&P 500 index in late afternoon trading. Monday morning, Skillz said it has invested $50 million for a minority stake in Germany-based Exit Games; it did not specify how large a stake this is. Skillz Founder and CEO Andrew Paradise will join Exit Games' board as an observer.