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Why Appian Stock Tumbled Today

TheMotleyFool

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Shares of Appian Corporation (NASDAQ: APPN) fell today after investment research company CFRA initiated coverage of the company with a hold rating.

The tech stock fell by as much as 9.5% today and was down 5.6% at the end of the trading day.

CFRA Research said in an investor note today that the hold rating for the company's stock comes as the firm sees "better relative value elsewhere" in the low-code application platform (LCAP) market.

Source Fool.com

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