Why Appian Stock Skyrocketed 324% in 2020
Shares of Appian (NASDAQ: APPN) spiked 324% last year, according to data provided by S&P Global Market Intelligence, as investors looked to technology stocks as a haven for their money during lockdowns and social distancing. The demand for an easy app-building service pushed up Appian's cloud subscription revenue, which increased 40% in the third quarter. Investors were also likely optimistic about the company as demand for mobile apps increases.