Shares reached an all-time high closing price of 364.59 in February 2021. It closed its first trading session at 149. Shares of the company became public in April 2018. Overall, Spotify has been keeping its growth on track and has invested aggressively in podcasting as a way to fatten up its business, but investors lately have been questioning whether that's enough for Spotify to book meaningful, lasting profits. Spotify trades on the New York Stock Exchange ( NYSE) under the ticker SPOT. But even though the cultural shift has made huge troves of music more accessible and affordable for millions of listeners like you, the economics of music streaming are still a lean business. Spotify stock (NYSE: SPOT) just recently touched a record low of 88. 'I believe our best days are ahead.'Īs streaming has surged to become the most common way people listen to tunes, Spotify has emerged as the dominant music service. 'I've always been vocal about my strong belief in Spotify and what we are building,' Ek said in a tweet disclosing the purchase. The stock closed Thursday at $105.59 after closing as low as $96.67 last week. Stock analysis for Spotify Technology SA (SPOT:New York) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Spotify shares have been closing lately at some of their lowest prices since the company went public in 2018.

Spotify CEO Daniel Ek said Friday that he bought $50 million worth of Spotify shares, framing his purchase as a vote of confidence in the company he founded as its share price hits record lows.

Spotify stock.