Pegasystems Inc
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Information Technology : Software | Mid Cap Growth
Company profile

Pegasystems Inc. develops, markets, licenses and supports software applications for marketing, sales and onboarding, and customer service needs. The Company also offers software applications built on the Pega platform. Its software is designed to assist clients in building, deploying and evolving enterprise applications. Its applications and platform intersect with and encompass several traditional software markets, including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management, which includes Predictive and Adaptive analytics, and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. It provides implementation, consulting, training, technical support and hosting services to facilitate the use of its software. The Company offers real-time speech analytics solution powered by artificial intelligence (AI) for customer service teams.

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Tesla stock drops toward its 3rd bear market this year, by some measures

10:01 am ET December 6, 2021 (MarketWatch)

Shares of Tesla Inc. (TSLA) tanked 3.8% toward a one-month low, which some technicians would say puts them on track to enter their third bear market this year. Many on Wall Street define a bear market as a decline of at least 20% from a recent bull market closing peak, and some say that bear market would end after a 20% rally off the subsequent low. Tesla's stock is currently trading 20.7% below its Nov. 4 record close of $1,229.91, and a bear market would become official to some technicians with a close at or below $983.92. The electric vehicle market leader's stock selloff has been highlighted by share sales by Chief Executive Elon Musk, who has sold roughly $11 billion worth of stock over the past month. Earlier this year, stock entered a bear market on Feb. 23, 2021, when it closed that day 20.9% below its then-record close of $883.09 on Jan. 26. That bear market bottomed on March 8 at $563.00, or 36.2% below its previous peak, before rallying as much as 35.4% to April 13 closing high of $762.32. The next bear market started in May, and bottomed on May 19 at $563.46, or 26.1% below the April peak. The current bull market started on June 24. The stock has still climbed 33.1% over the past three months while the S&P 500 has edged up 0.7%.

-Tomi Kilgore


(END) Dow Jones Newswires

December 06, 2021 10:01 ET (15:01 GMT)

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