Shares of Slack Technologies Inc.
inched 0.80% higher to $40.37 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index
rising 1.24% to 13,138.72 and the Dow Jones Industrial Average
rising 1.39% to 33,072.88. The stock’s rise snapped a two-day losing streak. Slack Technologies Inc. closed $4.20 short of its 52-week high ($44.57), which the company achieved on February 16th.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp.
rose 1.78% to $236.48, Adobe Inc.
rose 4.01% to $469.09, and Salesforce.com Inc.
rose 1.78% to $209.09. Trading volume (4.3 M) remained 3.0 million below its 50-day average volume of 7.4 M.