Shares of Asana (NYSE: ASAN) continued their hot streak in July. After more than doubling in value through the first half of 2021, the stock of the project-management and workflow software company built on its run and was up another 14.6% last month. There was little in the way of company-specific news, but momentum that started following the first-quarter 2021 report in mid-June carried over into July as well for Asana.
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This has been one impressive software-as-a-service business. Asana made its publicly-traded debut last autumn and was putting up strong numbers as the global workforce migrated to remote work during the pandemic.
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Why Shares of Asana Were Up 14.6% in July