Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Appian Corp shares valued at $27,146 were sold by McCarthy William D. on Dec 03 ’24. At $38.78 per share, McCarthy William D. sold 700 shares. The insider’s holdings dropped to 7,966 shares worth approximately $0.3 million following the completion of this transaction.
Also, McCarthy William D. purchased 700 shares, netting a total of over 26,495 in proceeds.
Before that, Abdiel Capital Advisors, LP had added 10,265 shares to its account. In a trade valued at $346,444, the 10% Owner bought Appian Corp shares for $33.75 each. Upon closing the transaction, the insider’s holdings increased to 10,265 shares, worth approximately $378.98 million.
Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in early January. As of August 02, 2024, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for APPN. Earlier on August 01, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for APPN stock which previously was a “an Outperform”.
Analyzing APPN Stock Performance
During the last five days, there has been a surge of approximately 11.67%. Over the course of the year, Appian Corp shares have jumped approximately 12.89%. Shares of the company reached a 52-week high of $41.05 on 02/19/25 and a 52-week low of $30.79 on 02/18/25. A 50-day SMA is recorded $34.87, while a 200-day SMA reached $33.28. Nevertheless, trading volume fell to 2.15 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Appian Corp (APPN)
According to the 24-hour chart, there is a support level at 35.50, which, if violated, would cause prices to drop to 33.78. In the upper region, resistance lies at 40.00. The next price resistance is at 42.78. RSI (Relative Strength Index) is 60.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 37.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
