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Why Appian Stock Fell Today

TheMotleyFool

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Why Appian Stock Fell TodayPhoto, 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 Appian Corporation (NASDAQ: APPN), a provider of cloud-based, low-code software, tumbled today, likely because 10-year Treasury yields are rebounding.

The tech stock was down by 12.2% as of 3:59 p.m. EST.

While there wasn't any company-specific news that caused Appian's stock to fall today, inventors were likely responding to a bump in Treasury yields. The increase of the yields has some investors moving away from growth sectors in the market.

Source Fool.com

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