Okta (OKTA) Stock Sinks As Market Gains: Here's Why

Okta (OKTA) closed the most recent trading day at $97.84, moving -3.22% from the previous trading session. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.14%, while the tech-heavy Nasdaq appreciated by 0.33%. Coming into today, shares of the cloud identity management company had gained 2.71% in the past month. In that same time, the Computer and Technology sector gained 6.31%, while the S&P 500 gained 4.93%. The investment community will be closely monitoring t ...