Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Okta Stock Is Diving Today

TheMotleyFool

0 0

Shareholders of Okta (NASDAQ: OKTA) lost ground to the market early Monday, with shares diving 10% by 11 a.m. ET compared to a 2% slump in the S&P 500. The decline pushed the specialist in digital identity-management software deeper into negative territory so far in 2022. Shares are down nearly 60% this year compared to a 14% drop in the wider market.

The slump came as investors continued to move away from high-growth businesses that have yet to demonstrate stable earnings growth.

Image source: Getty Images.

Source Fool.com

Like: 0

OKTA

Share