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Why Atlassian Stock Dropped 4% Today

TheMotleyFool

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Shares of cloud computing software company (NASDAQ: TEAM) slid 3.8% in mid-afternoon trading on Monday at 3 p.m. ET.

You can probably blame British banker Barclays for that.

In an unusual weekend move, Barclays cut its price target on Atlassian stock by 16% on Sunday to $130 per share -- "$130 per share" being perhaps not coincidentally almost the exact share price that Atlassian finds itself at today.

Source Fool.com