Should You Buy Appian Corp (APPN) Stock After it Is Down 9.49% in a Week?

Appian Corp (APPN) stock has fallen 9.49% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Appian Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on APPN!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With APPN Stock Today?

Appian Corp (APPN) stock is trading at $68.74 as of 1:43 PM on Thursday, Dec 2, a rise of $0.64, or 0.94% from the previous closing price of $68.10. The stock has traded between $66.68 and $70.25 so far today. Volume today is below average. So far 245,253 shares have traded compared to average volume of 517,056 shares. To screen for more stocks like Appian Corp click here.

More About Appian Corp

Appian Corp provides a leading low-code software development platform as a service that enables organizations to rapidly develop powerful and unique applications. With its platform, organizations can rapidly and easily design, build and implement powerful, enterprise-grade custom applications through intuitive, visual interface with little or no coding required. The company's customers use applications built on its low-code platform to launch new business lines, automate vital employee workflows, manage complex trading platforms, accelerate drug development and build global procurement systems. The group generates a majority of its revenue from the domestic market. It serves various industries such as education; insurance; retail; telecom and media and others. Click Here to get the full Stock Report for Appian Corp stock.