Why Asana Stock Is Plummeting Today

Why Asana Stock Is Plummeting Today

The market is seeing red in Tuesday's trading, and Asana (NYSE: ASAN) stock is suffering a substantial pullback. The workplace software company's share price was down roughly 9.7% over the previous 24-hour period as of 2:15 p.m. ET. High levels of inflation, rising Treasury bond yields, weak economic data, and anticipation for upcoming interest rate hikes are combining to make investors more risk averse.