Slack ($NYSE:WORK) shares are slacking, but it doesn't look like the devs have been.
According to Thinknum's tracking of Apple ($NASDAQ:AAPL) Store Ratings over time, as Slack has added more ratings, it has also added happier users. Ratings rose steadily over 5% as Slack got ready for its market debut, our first chart shows. That's the second chart, below - it shows Apple store ratings rising about 33% over the course of this year. So, it means that as Slack earns more ratings, more of those ratings are positive.
There are a few Wall Street narratives that tend to hold up across sector lines, borders, you name it - and job postings aligning with stock performance tends to be one of them. Our last chart tracks just that - Slack's job postings have declined 28% as the company's shares have fallen post-market-debut, in late April of this year.
It may be time to wonder whether Slack stock is oversold. The company will announce earnings on December 4 and analysts tracked by Zacks Investment Research are looking for EPS losses of -$0.09.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.