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Why It Moves

Why Are Appian (APPN) Shares Soaring Today

Shares of low code software development platform provider Appian (Nasdaq: APPN) jumped 6.5% in the morning session after market optimism around innovators in the software as a service (SaaS) space continued to improve following strong earnings from Salesforce. The enterprise software giant showcased clear progress in capturing demand for AI solutions, signing 200 deals within a week of launching Agentforce, its new AI platform for enterprise customers. In addition, Salesforce reported thousands more deals in the pipeline, hinting at robust future growth. 

Dec 04, 2024
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Why It Moves

Why GXO Logistics (GXO) Stock Is Down Today

Shares of contract logistics company GXO (NYSE:GXO) fell 13.9% in the morning session after Bloomberg reported that the company turned down acquisition offers after exploring options in recent months. The stock recorded double-digit gains after Bloomberg first reported news of a potential sale. However, today's move indicates the market is adjusting its expectations, tempering enthusiasm around a possible acquisition. Separately, Chief Executive Officer Malcolm Wilson announced plans to retire next year (2025), creating additional uncertainty, which the market doesn't like.

Dec 04, 2024
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Why It Moves

UiPath (PATH) Stock Trades Up, Here Is Why

Shares of automation software company UiPath (NYSE:PATH) jumped 7.9% in the morning session after market optimism around innovators in the software as a service (SaaS) space continued to improve following strong earnings from Salesforce. The enterprise software giant showcased clear progress in capturing demand for AI solutions, signing 200 deals within a week of launching Agentforce, its new AI platform for enterprise customers. In addition, Salesforce reported thousands more deals in the pipeline, hinting at robust future growth. 

Dec 04, 2024