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Why Asana Stock Popped Today

Why Asana Stock Popped Today

Shares of Asana (NYSE: ASAN), the workflow solutions software company, were climbing today as the tech stock continued to rally following last week's smashing second-quarter earnings report and news that CEO Dustin Moskovitz was buying $350 million in stock. As of 1:45 p.m. ET, Asana stock was up 10.5%. In a press release last Wednesday evening, Asana said it had sold $350 million to Moskovitz in a private placement, raising money for the company for working capital and general corporate purposes.