Why Okta Stock Was Gaining Today

Shares of Okta (NASDAQ: OKTA) were moving higher today along with a number of high-growth tech stocks as interest rates fell in response to a higher-than-expected reading on the September consumer price index. Additionally, Okta held its annual Showcase event today, which generally features new product releases and other updates on the business. 

As of 1:44 p.m. EDT, the stock was up 4.6%.

Okta CEO Todd McKinnon giving a fist bump to chief operating officer Frederic Kerrest. Image source: Okta.

Continue reading

Source Fool.com