Freshworks Inc is trading 5.2% down at $9.63 as profit-taking continues following a sharp rally and broader market softness.
- The stock is extending a pullback that began on June 2, when shares fell 4.87% to $10.16 after a 9.99% jump on June 1.
- Market notes indicate traders are cashing in after a significant rally, with the stock previously dropping to $9.95 even as analysts remained bullish.
- Broader U.S. equities are also softer this morning, adding further pressure to the share price.