Performant Financial (PFMT) Stock Extends The Rally: Should You Buy?

If you are currently looking into stocks that might have made notable gains in premarket trading this morning, then it might be a good move to take a look at the Performant Financial Corporation (NASDAQ: PFMT) stock.

The Performant stock has been in focus among investors this morning and already managed to clock gains of 8%. It is also necessary to note that the stock has been one of the notable performers this year so far and has delivered growth of 150%.

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The company is involved in the tech-powered payment eligibility and integrity space and on Tuesday, it made an important announcement as well. Performant announced yesterday that it managed to bag a contract for 8.5 years from the Centers for Medicaid and Medicare (CMS). The company is going to work as the Region 1 Recovery Audit Contractor for the CMS. It remains to be seen if the stock can add to its gains through the rest of the day.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.