Why Weave Communications Popped, but Okta and HubSpot Dropped

Tech stocks are moving in opposing directions Monday afternoon, with shares of online identity verifier Okta (NASDAQ: OKTA) dropping 5.1% through 1 p.m. ET and cloud-based customer relationship management software provider HubSpot (NYSE: HUBS) falling 6.3%. On the other hand, customer communications software maker Weave Communications (NYSE: WEAV) is heading in the opposite direction, rising 6.5%.

I suspect investment bank Stifel Nicolaus can be blamed -- or thanked, as appropriate -- for each of these moves.

Image source: Getty Images.

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Source Fool.com