NewsBreak: Slack Nears All-Time Low

Sep 23, 2019

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Shares of business collaboration company Slack Technologies (NYSE:WORK) were trading close to their all-time low Monday on growth concerns.

Slack was down 5.4% at $24, just above its all-time low of $23.93 reached on Sept. 9. Slack went public on June 19 at $26 a share and reached $42 on the first day of trading.

A Bernstein note Monday on the company's second-quarter earnings, released Sept. 4, called its third-quarter guidance "anemic." Analyst Mark Moerdler rates the stock "market-perform" with a $28 price target, according to Briefing.com.

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