Why Is Rush Street Interactive (RSI) Stock Rocketing Higher Today

What Happened:

Shares of online casino and sports betting company Rush Street Interactive (NYSE:RSI) jumped 35.6% in the pre-market session after the company reported fourth-quarter results that blew past analysts' revenue, operating margin, and EPS expectations. This was driven by more monthly active users than expected in its U.S. and Canada geographies (160,000 vs. estimates of 151,000). Off the strength of this quarter, management shared encouraging full-year revenue guidance of $800 million, clearing Wall Street's projections of $759 million. Zooming out, this was a great quarter that shareholders will appreciate.

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What is the market telling us:

Rush Street Interactive's shares are a little volatile and over the last year have had 51 moves greater than 5%.

Rush Street Interactive is up 47.3% since the beginning of the year. 

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