Okta Inc Cl A (OKTA) is trading 7% higher at $64.64 today. While the Information Technology sector is having a green day in general, the company is rocketing past it's peers.
- Stock plummeted by over 33% in a single day due to a tepid guidance from management for Q3
- Guggenheim upgraded Okta despite the company being in "disarray"
Okta Inc Cl A has been trading between a 52-week high of $276.3 and a 52-week low of $58.12. The stock has a market cap of $9.75 Billion.
Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential.
Headlines
Why Okta, MongoDB, and CrowdStrike Stocks Slumped This Week
The Motley Fool 09-02-22
Increasing unusual call option volume: MMM HST NTNX CSTM ISEE OKTA
Investing.com 09-02-22
US stock market closed mixed, Dow Jones up 0.46%
InstaForex 09-01-22
If You Like Okta, Better Like It With Options (NASDAQ:OKTA)
Seeking Alpha 09-01-22
Hot Stocks: Chip stocks fall; VEEV, OKTA plunge on earnings news; NTNX soars
Seeking Alpha 09-01-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:_igg - 8 upvotes -
sourceDamn, I can’t believe i talked myself out of buying Okta puts yesterday. I’m gonna go touch my pp to make myself feel better.
indyyo1 - 6 upvotes -
sourceOKTA 68p up 98,000% Jesus fuck
Contextual-Investor - 6 upvotes -
sourceDamn they sent Okta back to 2018 ![img](emote|t5_2th52|4271)
gspach - 5 upvotes -
sourceI got gaped by OKTA...sold puts. debating what to do...
AlmightyBagHolder - 4 upvotes -
sourceI thought about it because my job started using OKTA lol
_trice_a_roni - 4 upvotes -
sourceWhat I really want to know is where the fuck was the OKTA put DD yesterday?
Ghost1914 - 3 upvotes -
source$1k in OKTA 9/2 puts near the lowest strike would be 6 figures now
i_piss_u_off - 3 upvotes -
sourcelook at how they massacred my okta
rushhour08 - 3 upvotes -
sourceOkta beats earnings and craters 40%. Snap lays off 20% of its staff and is up. Makes perfect sense.
tharco - 3 upvotes -
sourcenewly minted OKTA millionaires show ur selves