Why Slack Stock Jumped on Thursday

Shares of Slack Technologies (NYSE: WORK), which provides a virtual collaboration platform, shot higher on Thursday. The stock soared as much as 15.5% and was up 12.7% as of 11:48 a.m. EDT.

The stock's rise comes as Slack CEO Stewart Butterfield took to Twitter to share a timely business update, highlighting the impact of the coronavirus pandemic on the company's business. Of course, he also expressed his concern for the jobs and health of millions of people around the world.

Image source: Slack Technologies.

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Source Fool.com