Spotify stock falls after Premium price hike to $12.99 — what SPOT investors watch next
Spotify shares fell 3.9% to $508.04 in after-hours trading Thursday after the company announced a $1 increase in its U.S. Premium plan, raising the monthly price to $12.99 starting in February. The hike also applies to Estonia and Latvia. Investors are watching for subscriber losses ahead of Spotify’s Feb. 10 earnings report. The stock has dropped about a third since its June peak.