Why Asana Shares Are Rising

Shares of technology stocks, Asana Inc ASAN are trading higher as some names in the sector rebound after dropping in recent sessions. Investors continue to assess the impact of Fed tapering policy and future rate hikes on growth names.

Asana CEO Dustin Moskovitz reported a purchase of 1,250,000 shares at an average price of $65.02 per share in a Form 4 Filing on Wednesday.

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

Asana has a 52-week high of $145.79 and a 52-week low of $25.41.