Stocks

Freshworks Inc shares slump 11.89% to a record low of $28.46

TE Raja Simhan | | | Updated on: Dec 04, 2021
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Post the decline, the company’s market cap stood at $7.49 billion

The stock price of Freshworks Inc, on Friday, slumped by 11.89 per cent to a record low of $28.46 on the Nasdaq. This is the first time since its listing on September 22, the stock price has dropped below $30.

Post the decline in stock price, the company’s market cap stood at $7.49 billion as against $8.12 billion on Wednesday. It was at over $13 billion at the time of listing.

On Friday, the stock at $32.2, hit an intraday high of $32.2 and a low of $27.94, before closing at $28.46.

The 52-week high of the stock price was $53.36.

The volume of shares traded on Friday was 2.78 million while the average volume so far has been 2.46 million, according to Nasdaq.

Published on December 04, 2021

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