Why Slack Stock Surged 38% in the First Half of 2020
Shares of Slack Technologies (NYSE: WORK) climbed 38% in the first six months of the year, according to data from S&P Global Market Intelligence, driven in part by the trend toward working from home.
Although the COVID-19 crisis has had a devastating impact on countless businesses, it's boosting demand for Slack's technology. Slack's messaging platform -- which enables quick and seamless communication among distributed workforces -- has never been more needed than during this time of social distancing.
Slack helps widely dispersed teams communicate. Image source: Getty Images.
Source Fool.com
