Rapid7, MongoDB, Asana, Unity, and RingCentral Shares Are Falling, What You Need To Know

October 10, 2025 at 12:35 PM EDT

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What Happened?

A number of stocks fell in the afternoon session after President Donald Trump threatened to impose 'massive' tariffs on Chinese products, reigniting trade war fears.

In a social media post, Trump stated the move was a potential countermeasure to China 'becoming very hostile,' following Beijing's announcement of new export controls on rare-earth minerals. These minerals are critical components for magnets used across the automotive, electronics, and defense industries. The unexpected development jolted Wall Street, which had been trending higher. The news sent all major indices into negative territory, with the tech-rich Nasdaq Composite falling 1.7%, the S&P 500 dropping 1.3%, and the Dow Jones Industrial Average declining by 0.9%.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

Vulnerability Management company Rapid7 (NASDAQ: RPD) fell 4.6%. Is now the time to buy Rapid7? Access our full analysis report here, it’s free for active Edge members.
Data Storage company MongoDB (NASDAQ: MDB) fell 4.1%. Is now the time to buy MongoDB? Access our full analysis report here, it’s free for active Edge members.
Project Management Software company Asana (NYSE: ASAN) fell 7.8%. Is now the time to buy Asana? Access our full analysis report here, it’s free for active Edge members.
Design Software company Unity (NYSE: U) fell 5.5%. Is now the time to buy Unity? Access our full analysis report here, it’s free for active Edge members.
Video Conferencing company RingCentral (NYSE: RNG) fell 4.6%. Is now the time to buy RingCentral? Access our full analysis report here, it’s free for active Edge members.

Zooming In On Asana (ASAN)

Asana’s shares are extremely volatile and have had 37 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 2 days ago when the stock gained 3.9% on the news that confidence in the artificial intelligence market was renewed, pushing both the S&P 500 and Nasdaq to new all-time intraday highs. The rebound was led by chipmaker Nvidia, whose shares rose nearly 2% after its CEO confirmed that demand for computing has "gone up substantially" in recent months. These comments helped reassure the market that the AI boom is supported by genuine demand, calming fears that were sparked a day earlier by a report questioning the profitability of Oracle's cloud business. The rally was strong enough to put the information technology sector on pace for a fresh closing high. This upward momentum occurred despite potential headwinds from an ongoing U.S. government shutdown, which entered its second week.

Asana is down 29.2% since the beginning of the year, and at $14.06 per share, it is trading 48.9% below its 52-week high of $27.52 from December 2024. Investors who bought $1,000 worth of Asana’s shares 5 years ago would now be looking at an investment worth $565.15.

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