Here's Why Atlassian Stock Rose 19% in October

Shares of Atlassian (NASDAQ: TEAM) climbed 18.7% last month, according to data provided by S&P Global Market Intelligence. Investors cheered new product announcements that should enhance the company's position in a competitive-growth industry.Atlassian hosted an event in Barcelona in the first week of October that showcased product updates and provided commentary on its product strategy. Investors were pleased with the ahead-of-schedule availability of the company's new artificial intelligence (AI) assistant. Atlassian also softened its cloud-only approach, opening the door to more opportunities with enterprise customers who are committed to the data-center route for managing their data.IMAGE SOURCE: GETTY IMAGES.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool