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Why Appian Stock Is Climbing Today

TheMotleyFool

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Growth-dependent tech stocks got off to a rough start this week, but they're regaining some of their lost ground in Thursday's trading. Among them, Appian (NASDAQ: APPN) was up roughly 6.3% as of 1 p.m. ET, while the technology-heavy Nasdaq Composite index was up roughly 1.5%.

There wasn't any company-specific news pushing the low-code software specialist's share price higher. It appears the stock is simply benefiting as the market rebounds a bit from its recent sell-offs. A new unemployment update from the Labor Department may also be factoring into the rally.

Image source: Getty Images.

Source Fool.com

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