Why Bottomline Technologies Jumped 16% This Week

·2 min read
Why Bottomline Technologies Jumped 16% This Week

On Wednesday, Bottomline announced that Philip Hilal, Larry Klane, and Michael Curran would be added to the company's board of directors starting Nov. 8 and that the board would set up a new strategy committee. Typically, investors don't push a company's share price higher for something as simple as board member appointments, but investors may have focused on the fact that Bottomline will also have a new strategy committee set up by the board. Bottomline investors pushed the company's share price up about 10% on the news.

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