Commerce.com shares jump 21% on cost-savings restructuring plan
Commerce.com shares rallied after the company disclosed a new cost-savings plan aimed at improving profitability and free cash flow. The stock rose 21% to $3.13 on Thursday. Despite the gain, shares are down about 23% year to date.
13 on Thursday after the company disclosed a new cost-savings plan intended to improve profitability and free cash flow. Even after the advance, the stock remains down roughly 23% year to date. Before the opening bell, the company said it will look…