Why Appian Stock Is Down 15% in the First Half of 2021

Shares of Appian (NASDAQ: APPN) tumbled 15% in the first six months of this year, according to data from S&P Global Market Intelligence, after the company failed to impress investors with its fourth-quarter 2020 and first-quarter 2021 results.

Many Appian investors have continued to sell shares of the tech stock in the beginning of the second half of 2021 as well, with the company's stock plummeting 18% over the past two weeks.

The first notable drop in Appian's share price came back in February when the company reported its fourth-quarter 2020 results. Appian had an adjusted loss per share of $0.03 and revenue of $81.6 million.

Source Fool.com