Okta is trading 4.85% down at $198.41, with no clear company-specific catalyst; wider technology weakness followed hotter inflation and AI-trade worries.
- Friday’s Reuters coverage cited pressure on technology shares; September CPI was hotter than expected, reviving concerns about further Fed rate hikes and weighing on rate-sensitive stocks.
- Okta closed at $208.52 on October 15, down 1.60%; the October 16 live quote shows a sharper decline.