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Why Appian Stock Soared in November

TheMotleyFool

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Why Appian Stock Soared in NovemberPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

Appian (NASDAQ: APPN) was among the big winners last month as shares of the cloud-based low-code specialist gained first on a strong third-quarter earnings report and then on what appeared to be an epic short squeeze. According to data from S&P Global Market Intelligence, Appian shares were up a whopping 121% at the end of November.

As you can see from the chart below, the cloud stock rallied throughout the month and had actually tripled before it fell sharply on the last day of the month.