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Why Alteryx Stock Surged 21% in August


Shares of data analytics software company Alteryx (NYSE: AYX) jumped 20.2% in August, according to data from S&P Global Market Intelligence. For context, the S&P 500, including dividends, fell 1.6% last month.

If the name Alteryx doesn't ring a bell with you, that's probably in part because the Irvine, California-based company has only been public since March 2017. It will surely be coming across the radar of more investors, however, given its stock is one of the top-performing tech stocks of 2019. Shares are up 139% so far this year (through Sept. 6) versus the broader market's 20.5% return.

Image source: Getty Images.

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Source Fool.com

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