Why Did Bill Holdings Inc. (BILL) Jump Yesterday?

We recently published an article entitled Why These 10 Stocks Jumped Yesterday. In this article, we are going to take a look at where Bill Holdings Inc. (NYSE:BILL) stands against the other stocks that jumped yesterday.

Broader indices haven’t been performing very well since the Fed’s not so surprise revelation about the number of expected cuts in 2025. Nevertheless, several stocks on Thursday posted notable gains.

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Bill Holdings Inc. (NYSE:BILL)

Bill Holdings (BILL) started Thursday’s trading on a strong note, opening at $89.01 apiece before traders took early profits to finish at $88.36. Thursday’s share price marked a 5.68-percent increase from its $83.69 close on Wednesday.

According to analysts, investor confidence was fueled by the company’s inclusion in the S&P Midcap 400 effective Monday, December 23. Bill Holdings was set to replace air conditioning and heating solutions Lennox International.

Being included in the S&P Midcap 400 index means that the company is now one of the benchmarks for mid-sized companies and that its performance is tracked by the index.

On the same day, Keybanc Capital Markets upgraded its outlook for Bill Holdings to “overweight” from “sector weight,” indicating a positive outlook.

Overall BILL ranks 5th on our list of the stocks that jumped yesterday. While we acknowledge the potential of BILL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BILL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ ALSO 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock

Disclosure: None. This article is originally published at Insider Monkey.