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Should You Buy Appian Corp (APPN) Stock on Friday?

Friday, May 14, 2021 03:15 PM | InvestorsObserver Analysts
Should You Buy Appian Corp (APPN) Stock on Friday?

The market has been down on Appian Corp (APPN) stock recently. APPN gets a Bearish score from InvestorsObserver's Stock Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With APPN Stock Today?

Appian Corp (APPN) stock is trading at $85.18 as of 2:58 PM on Friday, May 14, an increase of $7.69, or 9.92% from the previous closing price of $77.49. The stock has traded between $78.02 and $85.66 so far today. Volume today is elevated. So far 1,239,478 shares have traded compared to average volume of 825,131 shares.

To see the top 5 stocks in the Software - Infrastructure industry 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 Score Report on Appian Corp (APPN) Stock.

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