Business
Why the Catapult (ASX:CAT) share price is jumping higher today
The Catapult Group International Ltd (ASX: CAT) share price has been a positive performer on Tuesday in morning.
At the time of writing, the sports analytics and wearables company’s shares are up 2% to $1.79.
Why is the Catapult share price pushing higher?
Investors have been buying Catapult’s shares on Tuesday after the release of an update in relation to its Media & Engagement vertical.
According to the release, for the 2020-21 US college sports year, Catapult Licensing has renewed agreements with NFL Productions and Bleacher Report, a sports media subsidiary of Turner Broadcasting System (TBS).
The Bleacher Report production team uses Catapult to create original content on a daily basis, while NFL Productions relies on…
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