Shares of Appian (NASDAQ: APPN), the low-code app building company, rose today on seemingly no company-specific news. It’s possible that investors are becoming even more optimistic about Appian’s potential to grow in 2021, following its massive share price gains last year.
The tech stock gained as much as 11.9% today and was up by 10.2% as of 2:25 p.m. EST.
Appian’s stock surged 324% in 2020 as lockdowns spread across the U.S. and social distancing forced many people and businesses online. Appian’s platform for helping companies build apps with little coding experience helped some companies shift their businesses online.