Atlassian is Friday's top mover after declining 28.96%
Markets were up Friday; Dow Jones closed the day at 32,400, having gained 1.26%. S&P 500 gained 1.36% and closed at 3,770.55.
Assets that recorded the greatest percentage change in relation to their peers are designated as "Top Movers" with 's most active technology stocks listed below.
Atlassian | -28.96% at $123.73
Atlassian's downtrend has seen it decline 38.97% in 5 days More of the same from Friday's session: after ending Thursday at $174.17, Atlassian dropped to $115.06 early in Friday's session and closed at $123.73. In total, it lost 28.96%. Daily trading volume (15.57 million shares) increased, making up 596% of the 21-day average (2.61 million).
Atlassian reported earnings results Thursday; with EPS at -0.16 and revenues at $807.39 million, these results are mixed compared to a consensus of -0.1 Earnings Per Share and $806.38 million revenue. Since the release of its earnings report, Atlassian lost 28.23%.
Appian Corporation | -18.65% at $38.43
Appian Corporation's bearish run has lasted 4 days so far (-$3.14). Friday's session continued the recent downtrend: early in Friday's session, Appian Corporation dropped to $34.53 from $47.24 at the end of Thursday, before closing at $38.43. During the session, it lost 18.65%.
Daily trading volume (1.58 million shares) increased, making up 353% of the 21-day average (446,953).
The company reported earnings results Thursday; with EPS at -0.59 and revenues at $117.88 million, these results are mixed compared to a consensus of -0.32 Earnings Per Share and $116.11 million revenue. Since the release of its earnings report, Appian Corporation lost 19.06%.
Cloudflare | -18.42% at $41.09
Over the last 9 days, Cloudflare has fallen 28.6%. Friday's session continued down the same path: early in Friday's session, Cloudflare dropped to $39.38 from $50.37 at the end of Thursday, before closing at $41.09. During the session, it lost 18.42%.
Daily trading volume (19.63 million shares) increased, making up 375% of the 21-day average (5.23 million).
Cloudflare was down, even though its quarterly earnings released on Thursday beat the analysts’ estimates. The reported earnings of -0.11 per share on revenue of $253.86 million, topping estimates of -0.13 per share on revenue of $250.62 million.