The founder of Asana Inc (NYSE: ASAN) has been busy buying shares of the company over the month of June and could be investing in the future of the company.
It’s amazing how quickly sentiment changes in the stock market.. A few short weeks ago, circumstances looked dire for technology stocks as inflation fears caused a major selloff. The thought was that the Federal Reserve would take the punch bowl away and taper sooner than the market had priced in, which is bad news for high-growth tech stocks.
Midway through trading Thursday, the Dow traded down 0.35% to 33,913.86 while the NASDAQ rose 0.73% to 14,142.60. The S&P also rose, gaining 0.07% to 4,226.52.