Why Shares of Asana Jumped Over 15% This Week
Shares of project management software firm Asana (NYSE: ASAN) were up 15% this past week, according to data provided by S&P Global Market Intelligence. This builds on Asana's epic run since it provided its last quarterly update on Sept. 1. The stock is up a whopping 73% since then.
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It wasn't just the last earnings report causing this most recent surge higher (Asana's second-quarter fiscal 2022 revenue was up 72% year over year, and customers spending at least $50,000 a year more than doubled). Asana had a couple new developments this past week that led more investors to warm to the stock.
Source Fool.com
