Shares of digital banking platform Dave (NASDAQ:DAVE) surged 5.6% after announcing a $125 million share repurchase program and raising revenue guidance for 2025 to $505-$515 million. The stock closed at $238.56, up 4.8% from previous close. The market views this news as significant, given Dave’s high volatility with 73 moves greater than 5% in the past year. Positive sentiment in the fintech sector, driven by Klarna’s IPO and Robinhood’s S&P 500 inclusion, has boosted investor interest. Despite being 15.3% below its 52-week high, Dave’s shares are up 176% year-to-date.

Source: https://stockstory.org/us/stocks/nasdaq/dave

Read more at Stock Story.: Why Is Dave (DAVE) Stock Rocketing Higher Today