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Why Appian Stock Rallied Tuesday Morning

TheMotleyFool

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Why Appian Stock Rallied Tuesday Morning: https://g.foolcdn.com/editorial/images/724648/a-person-sitting-at-a-desk-with-multiple-computer-monitors-writing-code.jpg

Shares of Appian (NASDAQ: APPN) were trading higher on Tuesday, jumping as much as 4.9% in early trading. As of 3:04 p.m. ET, the shares had given back some of the gains but were still up 2%.

While the broader market move provided some fuel for its move higher, the low-code software provider was selected as a leading solutions provider to the insurance industry.

Everest Group, a leading global research firm, selected Appian as a Leader in its inaugural insurance technology report. The Digital Claims in Property and Casualty (P&C) Insurance report for 2023 highlighted Appian's low-code, industry-focused solutions. The report noted that Appian's Connected Claims solution

Source Fool.com

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