Why Alteryx Stock Popped Today

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Shares of Alteryx (NYSE: AYX) were moving higher today after the company announced a new partnership with Snowflake (NYSE: SNOW), the cloud-based data processing platform that is one of the fastest-growing cloud stocks on the market.

Investors cheered the move, believing that tying Alteryx’s fortunes to Snowflake will accelerate its growth and exposure.

As of 12:44 p.m. EST today, Alteryx stock was up 8.3%.

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