Why Appian's Stock Is Trading Higher Today

Appian Corporation (NASDAQ: APPN) shares are trading higher on Monday despite overall market weakness.

A William Blair analyst noted strength potentially related to the company's subscription revenue stream and plays in the automation space, which could benefit amid the coronavirus pandemic.

Appian provides low-code automation platform that enables organizations to develop various applications in the U.S. and internationally.

Appian shares were trading up 9.06% at $40.43 on Monday. The stock has a 52-week high of $63.77 and a 52-week low of $29.07.