Why Appian Stock Pulled Back Today

Shares of Appian (NASDAQ: APPN), a provider of cloud-based low-code software, pulled back Tuesday, closing the session down by 8.5%.

The only news out of the company was its announcement of a new chief marketing officer, but what seemed to push the stock was the collapse of the short squeezes in WallStreetBets stocks such as GameStop and AMC Entertainment, both of which plunged.

Image source: Appian.

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Source Fool.com