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Why Okta Stock Bounced Back on Monday

TheMotleyFool

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Why Okta Stock Bounced Back on MondayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of cloud-based cybersecurity company Okta (NASDAQ: OKTA) snapped a five-day losing streak on Monday, shooting up 8.3% through 3:10 p.m. ET.

The reason: Okta filed an official update on its findings about the well-publicized hack of its systems that was revealed last week -- and according to Okta, it's just not that big of a deal.

Source Fool.com

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