Why Appian Stock Fell Today

Chris Neiger, The Motley Fool
·1-min read
Why Appian Stock Fell Today

Shares of Appian Corporation (NASDAQ: APPN), a provider of cloud-based, low-code software, tumbled today, likely because 10-year Treasury yields are rebounding. While there wasn't any company-specific news that caused Appian's stock to fall today, inventors were likely responding to a bump in Treasury yields. Additionally, technology stocks have been some of the biggest winners over the past year, but rising yields could end up making it more expensive for growth companies like Appian to borrow money.