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Why Alteryx Stock Was Slipping Today

TheMotleyFool

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Why Alteryx Stock Was Slipping TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/ec495607-1e17-40ee-a41d-7726313a9707.png

Shares of Alteryx (NYSE: AYX), the data-analytics software maker, were pulling back today as analysts reacted to news that Broadcom (NASDAQ: AVGO) was in talks to acquire SAS Institute, a privately held Alteryx competitor.

Investors took the news as a sign of intensifying competition, and Alteryx stock finished the day down 4.6%.

Image source: Getty Images.

Source Fool.com

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