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Why Appian Stock Was Sliding Today

TheMotleyFool

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Shares of Appian (NASDAQ: APPN) were sinking today in response to a broader sell-off in growth stocks amid an ongoing rotation out of high-priced tech stocks like Appian as investors anticipate rising interest rates and inflation and prepare for a more normal economic environment. Appian also held its first-ever Investor Day conference today, but there didn't appear enough news from that to give investors a reason to buy the stock on a down day.

As of 1:50 p.m. EDT, the stock was down 8.9%.

Image source: Getty Images.

Source Fool.com

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