Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Adam Eckert

Why Asana Shares Are Rising Today

Asana Inc (NYSE:ASAN) is trading higher Monday after the company's CEO disclosed the purchase of 1.25 million shares of Asana stock.

Dustin Moskovitz, co-founder and CEO of Asana, has been buying up shares of his own software company over the last several months. The most recent purchase follows a buying spree in which the CEO accumulated more than $1 billion of Asana stock. 

The unprecedented buying spree has ramped up in 2022 as the stock continues to struggle to find support. Asana shares are trading significantly above the 2022 lows they set in January.

Asana is a software company providing a platform for work management that helps teams orchestrate anything from daily tasks to cross-functional strategic initiatives.

See Also: Executives Buy Around $93M Of 3 Stocks

ASAN Price Action: Asana has traded as low as $25.41 and as high as $145.78 over a 52-week period.

The stock was up 11.1% at $68.32 Monday afternoon. 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.