3:05 PM · 6 October 2020

Alteryx stock soars on increased revenue outlook

Alteryx (AYX.US)— shares jumped more than 27% after analytics company raised its revenue guidance for the third quarter to a range of $126 million to $128 million, up from a previous range of $111 million to $115 million. Analysts had forecast $113.5 million. The company also announced that board member Mark Anderson would take over as CEO, replacing founder Dean Stoecker which will be the company’s executive chairman.

Alteryx (AYX.US) stock launched today’s session with a massive bullish gap. Should the current sentiment prevail then resistance at $152.64 may come into play. Source: xStation5

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