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Why Qualtrics Stock Soared This Week

Why Qualtrics Stock Soared This Week

Shares of Qualtrics International (NASDAQ: XM) popped as much as 34% this week, according to data from S&P Global Market Intelligence. The customer experience management software company posted a good earnings result for the fourth quarter and was buoyed by its majority shareholder SAP (NYSE: SAP) saying it was exploring a sale of its stake in the business. As of 4 p.m. ET on Thursday, Jan. 26, the stock is up 33.9% this week.