🔴 Atlassian is trading 8% down today on potential Nasdaq-100 removal risk

TEAM is trading at $68.38 (-8.11%) following news that Atlassian faces potential removal from the Nasdaq-100 index in April 2026.

• The exclusion risk stems from a 50% stock plunge over the last three months, which has significantly reduced the company's index weighting and may trigger selling by institutional investors and ETFs.
• The decline aligns with broader market weakness, including a 0.98% drop in the NASDAQ, and ongoing SaaS sector volatility driven by AI competition fears and conservative guidance.