Why Atlassian Stock Soared in January

Why Atlassian Stock Soared in January

Shares of Atlassian (NASDAQ: TEAM) rose 25.6% for the month of January 2023, according to data from S&P Global Market Intelligence. The company behind project tracking and collaboration tools like Jira and Trello saw share prices take a 66.3% haircut in 2022. Atlassian's swan dive in 2022 sprung from investor fears that skyrocketing inflation and federal interest rates will make new debt more expensive.