The reason for AYX drop is that market thought Spruce Point Capital (short seller) will come out with a report for AYX. But it’s false.
Spruce Point says long Alteryx, calls short report rumor ‘categorically false’ Spruce Point Capital tweeted: “We are LONG shares of Alteryx, Inc. $AYX It is our understanding that one factor driving today’s selling in the stock is a belief that Spruce Point is planning on a releasing a short report. Categorically false. #fakenews … We have NO plans to release a such a report and our historical diligence suggests $AYX is at the forefront of data analytics and has an extremely sticky market position with a long runway of growth opportunity #bullish”