RTTNews | May 24, 2021 10:24AM EDT

10:23 Monday, May 24, 2021 (RTTNews.com) - Shares of Stem Inc. (STEM) are currently gaining 8% on Monday morning. The company announced the appointment of Matt Tappin as Vice President of Corporate Development.

STEM is currently trading at $23.79, up $1.70 or 7.70%, on the Nasdaq. The stock has traded between $9.60 and $51.49 in the 52-week period.

Tappin will lead the development and execution of the company's inorganic growth strategy, including mergers and acquisitions, investments, joint ventures, and related matters.

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