On CNBC’s "Mad Money Lightning Round," Jim Cramer said Penn National Gaming, Inc. (NASDAQ: PENN) has been crushed, but selling the stock right now is a mistake.
The COVID-19 pandemic led to the rise of many things — the retail investor, to-go margaritas and virtual rap battles to name a few. But potentially the biggest beneficiary of the pandemic has been companies in the work-from-home industry and software-as-a-service (SaaS) companies.
Toward the end of trading Friday, the Dow traded down 0.37% to 34,512.05 while the NASDAQ fell 2.28% to 15,029.99. The S&P also fell, dropping 1.13% to 4,525.40.
Shares of several companies in the broader tech sector, including Advanced Micro Devices, Inc. (NASDAQ: AMD) are trading lower in sympathy with Asana (NYSE: ASAN) and DocuSign
Midway through trading Friday, the Dow traded down 0.77% to 34,373.98 while the NASDAQ fell 2.8% to 14,950.19. The S&P also fell, dropping 1.52% to 4,507.37.
A whale with a lot of money to spend has taken a noticeably bullish stance on Asana.
Looking at options history for Asana (NYSE:ASAN) we detected 34 strange trades.