Why Shares of Asana Jumped Over 15% This Week

Shares of project management software firm Asana (NYSE: ASAN) were up 15% this past week, according to data provided by S&P Global Market Intelligence. This builds on Asana's epic run since it provided its last quarterly update on Sept. 1. It wasn't just the last earnings report causing this most recent surge higher (Asana's second-quarter fiscal 2022 revenue was up 72% year over year, and customers spending at least $50,000 a year more than doubled).