Why Appian Shares Got Slammed On Monday
On very bearish days for the market like Monday, a stock can really take a hit when a party tracking the company becomes less enthusiastic about it. Cloud computing specialist Appian (NASDAQ: APPN) got a rough start to its week when that occurred; Monday saw the company's share price close almost 10% lower as a result.
The now-more-bearish entity is independent research house CFRA, which changed its price target on Appian stock that morning, to $56 per share from the previous $63. In doing so, CFRA is maintaining its hold recommendation.
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Source Fool.com
