Monday.com is trading at $93.87, down 4.04%, amid a broad software-sector selloff; no confirmed company-specific catalyst has been identified.
- Reuters reported software stocks tumbled on October 29 after disappointing results from Fortinet and ServiceNow heightened concerns about AI disruption across the sector.
- Weakness in major U.S. indexes also coincided with the decline, though software-industry pressure is the clearest explanation.
- Trading volume and activity data were not provided.