Why Appian Stock Soared in November

According to data from S&P Global Market Intelligence, Appian shares were up a whopping 121% at the end of November. As you can see from the chart below, the cloud stock rallied throughout the month and had actually tripled before it fell sharply on the last day of the month. Cloud subscription revenue -- the company's key metric -- rose 40% in the quarter to $34.3 million, ahead of the company's own guidance.