US Stocks Move: Atlassian plummets on September 28 due to software stock downturn, high interest rates, and post-rally correction

Analysis of Atlassian's Sharp Decline on September 28

Keywords: software stocks slump, high interest rates, pullback after rally

1. On September 28, 2026, software stocks such as UiPath and ServiceNow fell, with the enterprise software sector weighed down by high interest rates, valuation compression, and concerns over the return on artificial intelligence capital expenditures. Atlassian also came under pressure.

2. On September 23, 2026, Atlassian’s share price reached a 52-week high, with a cumulative increase of 165% over the past six months. As of September 28, the cumulative decline over the past five days was 10.87%, showing a clear short-term pullback after the rally.

3. On September 21, 2026, the company projected an 18% year-on-year growth rate for its subscription business’s annual recurring revenue for fiscal year 2027, down from 23% in fiscal year 2026, and warned of a slowdown in growth expectations due to macroeconomic, fiscal policy, and geopolitical uncertainties.

(Disclaimer: This content is generated by AI technology based on public information, for reference only and does not constitute investment advice.)