Why AppFolio Stock Skyrocketed 85.7% in 2019

Shares of AppFolio (NASDAQ: APPF) roared 85.7% higher in 2019, according to data from S&P Global Market Intelligence, as the real estate and property management-centric software-as-a-service company demonstrated sustained revenue growth and raised its full-year outlook with each of its quarterly reports.

But AppFolio's rise wasn't exactly a straight line up. In fact, shares briefly plunged after each of its quarterly updates in late February and May before turning higher. And following its second-quarter report in late July, the stock even plunged nearly 20% from its peak before rallying hard on the heels of AppFolio's exceptional third-quarter results in late October.

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Source Fool.com