ASAN - Hot Stocks: EV stocks fall; ASAN MNDY suffer profit-taking; ZM hits new low; GOGO UNFI rally on forecasts

September, 28 2021 05:31 PM Asana Inc. Class A

A spike in Treasury yields inspired profit-taking across the technology sector on Tuesday, driving down the major averages. Electric-vehicle stocks got caught up in the whirlpool, causing AEye (NASDAQ:LIDR) to lose a fifth of its value. Volta (NYSE:VLTA), Nikola (NASDAQ:NKLA) and HyreCar (NASDAQ:HYRE) all suffered notable declines as well. The sell-off also took an outsized toll on work-at-home stocks. Asana (NYSE:ASAN) and monday.com (NASDAQ:MNDY) each fell by more than 9%, giving back some of their recent gains. Zoom (NASDAQ:ZM) participated in the broad-based retreat as well. The latest slide added to recent weakness and took one of 2020's high-fliers to a new 52-week low. Tuesday also had its share of winners. Gogo (NASDAQ:GOGO) raised its long-term growth targets, prompting its shares to expand their value by more than a third. A strong forecast also inspired gains in United Natural Foods (NYSE:UNFI). The stock rode the rally to a new 52-week

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Hot Stocks: EV stocks fall; ASAN, MNDY suffer profit-taking; ZM hits new low; GOGO, UNFI rally on forecasts

Company Name:	Asana Inc. Class A
Stock Symbol:	ASAN
Market:	NYSE
Website:	asana.com

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