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Atlassian Trading Volume Drops 48.94% to $392 Million Ranking 258th Despite Positive Outlook Upgrade
Generated by AI AgentAinvest Market Brief
Friday, Apr 11, 2025 7:41 pm ET1min read
On April 11, 2025,
(TEAM) saw a trading volume of $392 million, marking a 48.94% decrease from the previous day. The stock price rose by 0.17%, with the trading volume ranking 258th in the market for the day.Atlassian Corporation is a technology company that specializes in developing and providing collaboration tools for software development and IT teams. The company's stock has experienced significant volatility, with a 52-week range of $135.29 to $326.00. The market capitalization stands at $51.88 billion, with 163.99 million shares outstanding and a public float of 159.98 million shares.
On April 10, 2025, Macquarie upgraded their outlook for Atlassian from Neutral to Outperform, reflecting a positive sentiment towards the company's future performance. This upgrade comes at a time when the market is experiencing heightened anxiety and uncertainty, which has led to fluctuations in stock prices across various sectors.
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