Why Appian Stock Soared 52% in June

Motley Fool2021-07-02

What happened Shares of Appian(NASDAQ:APPN)surged 52% in June, according to data fromS&P Global Market Intelligence, although there was no major news out on the low-code cloud software maker. Instead,...

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xiaojn
2021-07-02
xiaojn
Ok
4080220a
2021-07-02
4080220a
😏
blo
2021-07-02
blo
Thanks
NgKenny
2021-07-02
NgKenny
Good
SeanSak
2021-07-02
SeanSak
Like n comment
- PangKW:
  following
- iSaac:
  Like and comment pls
SeanSak
2021-07-02
SeanSak
Like n comment

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Instead,...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/01/why-appian-stock-soared-52-in-june/\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APPN","symbol_name":"Appian Corp","start_time":0,"source_url":"https://www.fool.com/investing/2021/07/01/why-appian-stock-soared-52-in-june/","article_id":"1139870530","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139870530","pubTimestamp":1625194436,"sourceInfo":null,"weMediaInfo":null,"summary":"What happened\nShares of Appian(NASDAQ:APPN)surged 52% in June, according to data fromS&P Global Mark","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"APPN":"Appian Corp"},"translate_title":"为什么Appian股票在6月飙升52%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APPN":0.9},"content_text":"What happened\nShares of Appian(NASDAQ:APPN)surged 52% in June, according to data fromS&P Global Market Intelligence, although there was no major news out on the low-code cloud software maker. Instead, the stock seemed to benefit from some positive analyst chatter and what appeared to be ashort squeezeas investors drove a number of meme stocks higher.\nThe chart below shows the stock gained steadily over the course of the month.\n APPNDATA BYYCHARTS\nSo what\nThough Appian has not gotten direct attention from the Wall Street Bets crowd, known for pumping up stocks likeAMC Entertainmentand GameStop, it has benefited from similarly timed short squeezes, both early in the year and once again in June.\nThe rally started on June 8 when thestock jumped18.1% on high volume even as there was no news out on the stock. The stock bounced again on June 17,gaining 11.3%after research firm Hedgeye published a bullish note on the stock, saying it has the ability to triple product demand and that it should become the No. 1 low-code software company. Appian shares continued to climb over the rest of the month, helped by a rising tide in growth and tech stocks.\nNow what\nAs of mid-June, 17% of Appian shares were sold short. That's not a huge percentage, but it's enough to make short-sellers sensitive to single-day pops, especially after the stock rocketed higher over a three-month period that started with its earnings report last November. Shares more than tripled during that time, but then gave back most of those gains.\nAppian looks like a promising growth candidate as low-code technology, which allows companies to easily deploy apps without the need to write code, seems to have hit a tipping point during the pandemic. 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