Published on 20 Jul 2021 on Market Watch
Slack Technologies Inc. stock rises Tuesday, still underperforms market
Shares of Slack Technologies Inc. inched 0.09% higher to $45.20 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.57% to 14,498.88 and the Dow Jones Industrial Average rising 1.62% to 34,511.99. This was the stock's sixth consecutive day of gains. Slack Technologies Inc. closed $0.02 short of its 52-week high ($45.22), which the company reached on July 19th.
The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. rose 0.83% to $279.32, Adobe Inc. rose 1.11% to $608.72, and Salesforce.com Inc. rose 1.08% to $240.11. Trading volume (67.1 M) eclipsed its 50-day average volume of 5.3 M.