Freshworks Stock Holds Around $10; Aug. 4 Looms Next

Freshworks Inc enters Tuesday’s session with a new index tag and a buyback big enough to change the per-share math if management keeps using it. The stock closed Monday at $10.21 and was quoted at $10.15 in premarket trade at 8:55 a.m. EDT, MarketScreener data showed. The NYSE holiday calendar lists the next U.S. market closure as July 3 for Independence Day observed.

Freshworks Inc. was up over 5% in Friday afternoon trading. By 3:01 p.m. EDT, volume had spiked, with 30.64 million shares traded, hitting about 249% of the 65-day average. The stock last changed hands at $9.64.

Freshworks Inc. slipped 1.12% to $9.265 as of 3:01 p.m. EDT Thursday, but the focus was on trading volumes. FRSH saw 29.7 million shares change hands, more than 2.5 times its 65-day average. Less than an hour remained in the regular session.