Why Okta Stock Was Moving Higher This Week

Shares of Okta (NASDAQ: OKTA) were bouncing back this week, recouping some of last week's losses after hacking group Lapsus$ revealed that it had gained access to a computer used by one of Okta's third-party engineers. Earlier this week, the company said in a filing that it didn't consider the incident to be material, and investors took advantage of the sell-off.

Through Thursday afternoon, the stock had gained 7.9% on the week.

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Source Fool.com