What a roller coaster Appian (NASDAQ: APPN) has been on in 2021. It was a hot stock in 2020, rising in value some 324% (mostly in the fourth quarter) due to a short squeeze . But then Appian got clobbered in the spring of this year, along with other high-growth technology stocks. Another mini short squeeze in the late spring and early summer ended up only being a short-term rally. Share prices are currently down about 38.3% year-to-date.
In spite of the drama, this cloud computing business is actually doing quite well financially. And the 2021 second-quarter earnings update is proof Appian's run may not be over.
For further details see:
Post-Short Squeeze, Is Appian Stock a Buy Following Q2 Earnings?