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Here’s why the Appen (ASX:APX) share price is rocketing 16% higher – The Motley Fool Australia
The Appen Ltd (ASX:APX) share price is rocketing higher on Wednesday despite the market selloff. Here’s why its shares are on fire…
The market may be a sea of red on Wednesday but that hasn’t stopped the Appen Ltd(ASX: APX) share price from rocketing higher.
In afternoon trade, the artificial intelligence (AI) data services company’s shares are up a sizeable 16% to $13.07.
However, despite this strong gain, the Appen share price is still down a massive 70% from its 52-week high.
Why is the Appen share price rocketing higher today?
The catalyst for the rise in the Appen share price today was the release of a business and trading…
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