Business
Why the Appen (ASX:APX) share price sank 25% in February
The Appen Ltd (ASX: APX) share price was among the worst performers on the S&P/ASX 200 Index (ASX: XJO) in February.
Over the period, the artificial intelligence data services company’s shares lost 25% of their value.
This means the Appen share price has now fallen a disappointing 62% from its 52-week high.
Why did the Appen share price crash lower in February?
There were a few catalysts for the poor performance by the Appen share price in February.
One of those catalysts was weakness in the tech sector after bond yields widened and spooked investors.
In addition to this, a broker note out of Macquarie weighed heavily on the Appen share price.
Macquarie had previously been very bullish on the company but that all changed last…
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