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Benzinga

Business

Joel Elconin

PreMarket Prep Stock Of The Day: Asana

The pain in the growth technology sector continues: Asana Inc. (NYSE:ASAN) is making a new low for the move after its fourth-quarter beat, which was coupled with lower first-quarter EPS guidance. The price action following the release makes it the PreMarket Prep Stock of the Day.

Asana's Fall From Grace: The software issue made its all-time high in November at $145.79 and was nearly cut in half by year-end when it finished 2021 at $74.55. It took another shellacking in January, falling to $52.48, and rebounded modestly to end February at $54.79.

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