Why Helbiz Stock Delivered Scorching Gains to Investors Today

What happened

Shares of Helbiz (NASDAQ:HLBZ) surged on Tuesday after the company announced a streaming partnership with Amazon (NASDAQ:AMZN). By the close of trading, Helbiz’s stock price was up 96.6% after soaring as much as 191.6% earlier in the day. 

So what

Helbiz has the global distribution rights to the Serie B, a popular Italian football league. The company struck a three-year deal with Amazon to make its new streaming service available via subscription on Prime Video Channels in Italy.

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