Okta’s stock falls after outage reports spike

Shares of Okta Inc.
OKTA,
+0.82%
fell 0.8% in morning trading, to underperform the broader stock market, after the identity software company reported a relative spike in outages. The company’s “Downdetector” site showed that after having zero reports of outages around 8 a.m. Eastern, reports jumped to 89 a little after 9 a.m., with outage reports concentrated in the New York area. The stock’s selloff compares with the S&P 500’s
SPX,
-0.17%
0.5% decline and the Nasdaq Composite’s
COMP,
+0.18%
0.1% move lower.