Atlassian (TEAM) shares dropped 7.23% to $70.49 in intraday trading, extending a multi-day decline as the stock tracks broader market weakness. The downward movement occurs despite a lack of company-specific news, reflecting significant pressure across the technology sector.
- The stock has retreated from a high of $86.97 on February 11, marking a consistent seven-day slide.
- Broader markets are trading lower, with the S&P 500 falling 0.69% and the Nasdaq losing 0.54%.
- Market sentiment is heavily impacted by President Trump's announcement of a 15% global tariff following a recent Supreme Court ruling.