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home / news releases / APPN - Why Appian Stock Was Sinking Today


APPN - Why Appian Stock Was Sinking Today

Shares of Appian (NASDAQ: APPN) were falling today, in line with a broad sell-off in growth stocks after the Federal Reserve raised the federal funds rate 75 basis points to 3%-3.25% yesterday.

Though there was no company-specific news out on Appian today, the interest rate hike and comments from Fed Chair Jerome Powell that rate hikes would persist until inflation was brought under control pushed Appian shares lower.

As of 2:03 p.m. ET, the stock was down 6.6%.

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Why Appian Stock Was Sinking Today
Stock Information

Company Name: Appian Corporation
Stock Symbol: APPN
Market: NASDAQ
Website: appian.com

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