Why Work-From-Home Stocks Collapsed Today
Okta (NASDAQ: OKTA), Zoom Video Communications (NASDAQ: ZM), Slack Technologies (NYSE: WORK), Teladoc Health (NYSE: TDOC), and DocuSign (NASDAQ: DOCU) are all technology stocks promising to make our lives easier by facilitating work from home (even for doctors, in the case of Teladoc).
In theory, these five companies are the ones you'd expect to be least affected by the rapid spread of the COVID-19 coronavirus -- or in a logical world, perhaps even the stocks most likely to benefit from the services they bring to a nervous market.
No such luck on Monday. As of 3:10 a.m. EDT, shares of Okta were down 6.3%, Zoom 6.1%, Slack 8.9%, Teladoc 5.8%, and DocuSign 6.2%.
Source Fool.com
