Shares of Atlassian Corporation (TEAM) fell more than 12% in Thursday trading, with no company-specific news driving the decline.
The stock opened lower and continued to trend downward through the session, with trading volume rising well above its daily average, indicating heightened investor activity.
Atlassian, known for its collaboration and productivity software solutions, has seen significant price swings in recent months.
TEAM shares were trading at $118.11, down $16.65, after touching an intraday low close to their 52-week range.
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