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Why Appian Stock Skyrocketed 51% in August

TheMotleyFool

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Why Appian Stock Skyrocketed 51% in AugustPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Appian (NASDAQ: APPN) stock soared 51.4% in August, according to data from S&P Global Market Intelligence. Shares of the low-code software development platform provider have gained 114% in 2019 through Sept. 3, making it one of this year's best-performing software-as-a-service (SaaS) stocks.

The S&P 500, including dividends, fell 1.6% last month and has returned 17.5% so far this year.

Image source: Getty Images.

Source Fool.com

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