Tag: Microsoft Teams

On October 22, Slack stock fell 6.9% to end the trading day at $21.03. On the day, the stock hit its all-time low of $20.93 and then recovered slightly.

With Microsoft and Facebook pricing their products aggressively, Slack might face a steep climb. Slack’s premium pricing starts at $6.67 per user per month.

After losing 11.4% between September 1 and September 20, Slack stock crashed 4.8% yesterday to take its September losses to 15.7%.

Today, Slack (WORK) stock has been getting crushed after opening marginally higher. At 12:44 PM ET, the stock was trading at $24.4, down 10.9%.

As of July 31, Slack had about $800 million in cash and cash equivalents. Slack will likely burn about $105 million in fiscal 2020 ending on January 31.

Slack is scheduled to announce its second-quarter earnings today after the market closes. Be ready for some wild action in Slack stock!

Today, Slack stock was trading under $30, heading into the red for the third straight trading session. At 1:24 PM ET, Slack (WORK) was down 0.87% at $29.54.

Today, Slack (WORK) opened 4.5% higher after MKM Partners analyst Rohit Kulkarni gave Slack stock a "buy" rating with a target price of $40.

Facebook Workplace's redesign distinguishes it from the competition, making the battle between itself, Slack, and Microsoft Teams more interesting.