Why Freshworks Is Jumping 12% Higher Today
Shares of Freshworks (NASDAQ: FRSH) are making last Friday's 18% plunge on a poorly received earnings report just a bad memory. Shares of the software-as-a-service (SaaS) stock were rebounding 12.6% in morning trading Monday, as of 11:23 a.m. ET, as investors undoubtedly see last week's sell-off as overdone.
After weeks of escalating concern that Russia would invade Ukraine gave the markets a case of the jitters, sending the benchmark indexes lower last week, the saber rattling seems to be easing after reports indicate diplomatic solutions could be pursued instead.
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Source Fool.com