|Bid||215.20 x 900|
|Ask||216.20 x 800|
|Day's range||208.00 - 218.15|
|52-week range||88.66 - 231.29|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||N/A|
|Earnings date||03 Dec 2020 - 07 Dec 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||222.74|
Shares of unprofitable tech stocks Appian (NASDAQ: APPN), Okta (NASDAQ: OKTA), and Shopify (NYSE: SHOP) all popped in Friday trading, closing 4.6%, 5.7%, and 5.8% higher, respectively. Were today's rising prices a harbinger of even better days to come, or just a gift: a day in which stock prices rise for no reason, giving investors a chance to cash out at a profit? Lacking any real news underlying the rising share prices, I'm more inclined to think the latter, especially in the case of Appian.
Okta, Inc. (NASDAQ:OKTA), the leading independent provider of identity for the enterprise, welcomes Susan St. Ledger as president of worldwide field operations. St. Ledger will join Okta’s executive management team and report to Todd McKinnon, CEO and co-founder. St. Ledger will start at Okta on February 1, 2021 and Charles Race, Okta’s current president of worldwide field operations who is retiring, will continue to lead worldwide field operations until that date to ensure a smooth transition, as announced during Okta’s FY21 Q1 earnings call.
This should allow businesses to better manage their cloud storage expenses. Last, but not least, you wouldn't have to twist my arm to get me to buy into Amazon (NASDAQ: AMZN), which is actually a company I already own a stake in.