Why Alteryx Shares Gained 14.1% in June

Shares of Alteryx (NYSE: AYX) gained 14.1% in June, according to data from S&P Global Market Intelligence. The high-flying analytics software company continued its upward trend on very little news, as many new age enterprise software companies saw their shares skyrocket during the month.

Favorable jobs data in early June made investors comfortable enough to put money to work, but rising COVID-19 cases in many Southern and Western states seemed to direct investment dollars toward coronavirus-resistant plays such as new age enterprise software stocks like Alteryx.

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Source Fool.com