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Why Atlassian Stock Was Moving Higher Today

TheMotleyFool

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Why Atlassian Stock Was Moving Higher Today: https://g.foolcdn.com/editorial/images/772650/globe-cloud-software-network.jpg

Shares of the collaboration-focused software company Atlassian (NASDAQ: TEAM) were moving higher on an analyst rating upgrade this morning and broader tailwinds in the tech sector, as a weaker-than-expected producer price index reading cooled inflationary fears after the hot CPI report on Wednesday.

As a result, the stock finished Thursday's session up 4.8%.

Image source: Getty Images.

Source Fool.com