DJ C3.ai Inc. Stock Falls Friday, Underperforms Market
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Shares of C3.ai Inc. (AI) slid 7.09% to $32.26 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.45% to 4,282.37 and the Dow Jones Industrial Average rising 2.12% to 33,762.76.
This was the stock's third consecutive day of losses.
C3.ai Inc. closed $11.76 below its 52-week high ($44.02), which the company reached on May 30th.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. $(MSFT)$ rose 0.85% to $335.40, Alphabet Inc. Cl C $(GOOGL)$ rose 0.69% to $125.23, and Alphabet Inc. Cl A (GOOGL) rose 0.77% to $124.67.
Trading volume (45.2 M) eclipsed its 50-day average volume of 27.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 2, 2023.
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(END) Dow Jones Newswires
June 02, 2023 16:55 ET (20:55 GMT)
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