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Why Alteryx Stock Finished Last Month 10% Higher

TheMotleyFool

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Why Alteryx Stock Finished Last Month 10% HigherPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of Alteryx (NYSE: AYX) popped last month after the provider of data analytics software issued a strong preliminary third-quarter earnings report early on. Those gains faded as the month progressed, but the stock still finished October up 10%, according to data from S&P Global Intelligence.

As you can see from the chart below, the stock surged in the first week of the month but faded toward the end on a broader sell-off in tech stocks and fears of mounting coronavirus cases.