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NewsBreak: Slack Rallies as Trader Hails Company as 'Category Killer'

Published 10/03/2019, 03:10 PM
Updated 10/03/2019, 03:13 PM
© Reuters.
WORK
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Investing.com - Slack (NYSE:WORK) rallied 6% after money manager Josh Brown talked up the productivity company as a “category killer,” and confirmed that he had scooped up more shares after its recent slide.

  • “Slack has more than 720 customers paying them more than $100,000 a year,” Brown said on CNBC.

  • During the five-day work week, average Slack users spend nine hours with the app open and 90 minutes actively using, he added.

  • Brown said he doubled his position when shares dropped into the low $20s.

  • Slack shares rallied 6%.

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