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Why Alteryx Stock Plunged 31% Last Month

TheMotleyFool

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Why Alteryx Stock Plunged 31% Last MonthPhoto, wide shot, wide-angle lens, Artificial intelligence developer, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/ee32e77c-b7d6-424b-91ea-4023f2292688.png

Shares of Alteryx (NYSE: AYX) took a dive last month, after the data analytics software provider posted disappointing results in its second-quarter earnings report, including guidance calling for sharply lower revenue growth in the second half of the year. As a result, the stock finished August down 31%, according to data from S&P Global Market Intelligence.

As the chart below shows, nearly all of those losses came on Aug. 7, after the earnings report came out.