Why Appian Stock Is Falling Today

Shares of Appian (NASDAQ: APPN) tumbled today as investors sold off their shares following last week's massive price run-up. 

The tech stock fell by as much as 20.5% today and was down by 17.7% as of 12:22 p.m. EST. 

Appian's share price skyrocketed 55% last week, pushing the company's stock up an impressive 407% since the beginning of this year. It's unclear what led investors to boost the company's share price so quickly last week, but it now appears that some investors are taking the stock's gains and cashing out today. 

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Source Fool.com