Spotify SPOT Surges 6.85% and Tests $500 for the First Time
As seen on the 24/7 Wall St. homepage on August 4, 2026.
Spotify is up 6.85% intraday and knocking on $500 for the first time this session, a move that puts the streaming leader within a couple of dollars of a fresh milestone. Keep an eye on whether it holds that level into the close.
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Shares of Spotify opened the session at $466.01 and climbed sharply throughout the morning, briefly crossing $500 before pulling back slightly. The stock reached an intraday high of $504.72, then settled back near $497.94 as of the latest reading — still representing a gain of roughly 6.85% on the day and keeping SPOT within striking distance of that psychologically significant level.
The $500 mark carries weight not just as a round number but as a potential fresh milestone for the streaming leader. The chart shows the move was broad and sustained rather than a single spike, with prices grinding higher across most of the session and volume of conviction visible in the stepwise advances from the $480s through the low $500s.
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What matters most for investors now is whether SPOT can hold above $497 into the close. A finish at or above $500 would mark a meaningful technical achievement, while a fade back toward the open at $466 would suggest the rally struggled to find enough follow-through buying at these levels.
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Mentioned: SPOT