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Why Appian Stock Jumped 27% in January

TheMotleyFool

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Why Appian Stock Jumped 27% in January: https://g.foolcdn.com/editorial/images/719714/coding-analysis-software-engineer-programming.jpg

Shares of Appian (NASDAQ: APPN) jumped last month as the low-code software specialist benefited from changing market sentiment as investors responded to cooling inflation and expectations that the Federal Reserve would slow its interest rate hikes.

Appian also announced a new product release and continued to spread the word about its $2 billion legal victory over rival Pegasystems, which is set to go to appeals court.

According to data from S&P Global Market Intelligence, the stock finished last month up 27%.

Source Fool.com

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