Why Alteryx Stock Was Slipping Today

Shares of Alteryx (NYSE: AYX) were falling again today on the second day of a broad sell-off in tech stocks. There was no specific news out on Alteryx but as a software-as-a-service (SaaS) provider of data analytics, the stock got swept up in the slide as most cloud stocks were down sharply today.

Alteryx shares were down 5.4% as of 11:56 a.m. EDT after falling as much as 11% earlier in the session and losing 7.1% yesterday. The Nasdaq, meanwhile, was trading down 2.6% at the same time after crashing as much as 5% earlier in the morning.

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Source Fool.com