U.S. markets close in 1 hour 45 minutes
  • S&P 500

    4,157.34
    -5.95 (-0.14%)
     
  • Dow 30

    34,264.45
    -63.34 (-0.18%)
     
  • Nasdaq

    13,429.18
    +50.13 (+0.37%)
     
  • Russell 2000

    2,238.29
    +11.17 (+0.50%)
     
  • Crude Oil

    65.38
    -0.89 (-1.34%)
     
  • Gold

    1,868.90
    +1.30 (+0.07%)
     
  • Silver

    28.36
    +0.09 (+0.30%)
     
  • EUR/USD

    1.2232
    +0.0076 (+0.62%)
     
  • 10-Yr Bond

    1.6470
    +0.0070 (+0.43%)
     
  • GBP/USD

    1.4198
    +0.0061 (+0.43%)
     
  • USD/JPY

    108.8600
    -0.3400 (-0.31%)
     
  • BTC-USD

    43,007.23
    -164.66 (-0.38%)
     
  • CMC Crypto 200

    1,206.95
    -46.20 (-3.69%)
     
  • FTSE 100

    7,034.24
    +1.39 (+0.02%)
     
  • Nikkei 225

    28,406.84
    +582.01 (+2.09%)
     

Why Appian Stock Lost 23% in March

Jeremy Bowman, The Motley Fool
·2 min read
Why Appian Stock Lost 23% in March
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Appian (NASDAQ: APPN) were moving lower in March as the cloud stock succumbed to broader pressure on growth stocks; investors rotated out of high-priced tech stocks and into value stocks. Appian, which specializes in low-code software, seemed particularly vulnerable after shares had more than tripled in a run-up that began in November. According to data from S&P Global Market Intelligence, the stock finished the month down 23%, even though there was no major news out on Appian.