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Why Appian Stock Dropped 20% in September

TheMotleyFool

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Why Appian Stock Dropped 20% in SeptemberPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Shares of Appian (NASDAQ: APPN), a low-code software development platform provider, declined 20.1% in September, according to data from S&P Global Market Intelligence. Nonetheless, in 2019, the software-as-a-service (SaaS) company's stock is still up a whopping 83.2% through Oct. 4.

For context, the S&P 500 returned 1.9% last month and 19.6% so far this year.

Image source: Getty Images.

Source Fool.com

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