Today: 10 June 2026
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NASDAQ:ASAN 4 January 2026 - 13 January 2026

Asana stock drops 7% today as software names slide after CPI — what to watch next

Asana stock drops 7% today as software names slide after CPI — what to watch next

Asana shares fell 7.1% to $12.04 Tuesday afternoon, underperforming major indexes after U.S. inflation data showed a 2.7% annual rise in December. The drop mirrored declines in other cloud software stocks. Company news was limited, though Asana launched a new automation feature late Monday. Investors are watching the Fed’s Jan. 27-28 meeting and Asana’s fiscal year-end on Jan. 31.
Asana stock slides 5% to start 2026 — downgrade and key dates that could move ASAN next

Asana stock slides 5% to start 2026 — downgrade and key dates that could move ASAN next

Asana shares fell 5.4% to $12.96 Friday after Wall Street Zen downgraded the stock to “hold,” MarketBeat reported. The drop leaves Asana near its 52-week low, with investors watching for signs of further U.S. rate cuts after Fed officials signaled patience. The S&P 500 rose 0.2% while the Nasdaq-100 slipped 0.2%. Asana last forecast Q4 revenue of $204 million to $206 million.

Stock Market Today

  • ArcBest Soars 4.2% on Strong Guidance and Sector Recovery
    June 10, 2026, 7:17 AM EDT. ArcBest Corp (ARCB) shares rose 4.2% to $173.22 on heavy volume, continuing a 40.5% gain over four weeks. The freight and logistics firm cited a 5.9% rate hike and improved guidance for its less-than-truckload (LTL) and asset-light segments. ArcBest forecasted a 600 to 700 basis point sequential improvement in its operating ratio, surpassing prior expectations. Q2 adjusted operating income for its asset-light segment is now expected between $3 million and $5 million. Analysts project Q2 earnings of $1.87 per share, up 37.5% year-over-year, on revenues of $1.15 billion, a 12.3% increase. Earnings per share estimates have risen 7.2% in 30 days, signalling positive investor sentiment. The stock holds a Zacks Rank #2 (Buy). Competitor JB Hunt (JBHT) declined 0.3%, posting 19.7% returns over a month and a similar buy rating.

Latest articles

Hitek Global Rallies Before Hours as Traders Watch HKIT $8 Million Offer

Hitek Global Rallies Before Hours as Traders Watch HKIT $8 Million Offer

10 June 2026
HKIT plunged 13.25% to $0.273 Tuesday on volume six times its average, then rebounded to $0.428 premarket as traders digested a recent $8 million direct offering with warrants that could trigger major dilution; Hitek warned that new shares from these warrants could pressure the stock price and threaten Nasdaq listing if prices stay below $1.
ChowChow Cloud Stock Jumps Premarket as CHOW Volume Explodes Again

ChowChow Cloud Stock Jumps Premarket as CHOW Volume Explodes Again

10 June 2026
ChowChow Cloud (CHOW) soared over 200% premarket on massive volume, despite no new operating update and ongoing net losses, negative cash flow, and pending shareholder litigation, highlighting extreme volatility and risk for investors as the stock trades far below its IPO price.
Redwire Dips After $500 Million ATM Offering

Redwire Dips After $500 Million ATM Offering

10 June 2026
Redwire plunged 15.19% to $15.75 after unveiling a new $500 million at-the-market stock sale plan, replacing a prior $350 million program, raising dilution concerns as the company gains flexibility to issue more shares and investors await quarterly updates on actual share sales, proceeds, and agent fees.
Plug Power Stock Slides as Cash-Burn Questions Challenge the Hydrogen Turnaround Trade

Plug Power Stock Slides as Cash-Burn Questions Challenge the Hydrogen Turnaround Trade

10 June 2026
Plug Power plunged 8.78% to $2.91, its fifth straight loss, as investors focus on whether recent liquidity moves—including a $39.2 million tax credit sale—can offset a first-quarter operating cash burn of $150 million ahead of the June 11 shareholder meeting, with the stock’s volatility tied to ongoing cash concerns despite improved margins.
US stock futures slip with CPI ahead as Iran oil risk stirs Fed worries

US stock futures slip with CPI ahead as Iran oil risk stirs Fed worries

10 June 2026
S&P 500, Nasdaq 100, and Dow futures fell sharply premarket as investors braced for the May CPI report, expected to show the fastest annual inflation since April 2023, with tech stocks hit hardest amid rising oil prices and fresh U.S.-Iran strikes, raising fears of persistent inflation and fewer Fed rate cuts.
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