DJ C3.Ai Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of C3.ai Inc. (AI) slipped 6.77% to $26.46 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.31% to 5,427.13 and Dow Jones Industrial Average falling 1.25% to 39,853.87.
The stock's fall snapped a two-day winning streak.
C3.ai Inc. closed $18.44 below its 52-week high ($44.90), which the company achieved on August 1st.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. $(MSFT)$ fell 3.59% to $428.90, Alphabet Inc. Cl C $(GOOG)$ fell 5.03% to $174.37, and Alphabet Inc. Cl A $(GOOGL)$ fell 5.04% to $172.63.
Trading volume (3.7 M) remained 1.8 million below its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 24, 2024.
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(END) Dow Jones Newswires
July 24, 2024 17:24 ET (21:24 GMT)
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