Shares of Appian Corporation (NASDAQ: APPN) were climbing today on seemingly no company-specific news. Investors may be shifting their attention back to Appian as rising coronavirus cases push some people back to high-growth tech stocks.
The tech stock was up by 6.7% as of 1:36 p.m. EDT.
Investors piled into growth stocks in the tech industry last year as lockdowns and social distancing forced many people to spend more time at home. Appian, which makes a low-code app-building platform, saw its share price skyrocket about 300% in 2020 as a result.
Source Fool.com