C3.ai, Inc. (NYSE:AI)’s stock price fell 5.5% during mid-day trading on Thursday . The company traded as low as $136.51 and last traded at $138.75. 2,313,843 shares changed hands during trading, a decline of 71% from the average session volume of 7,984,583 shares. The stock had previously closed at $146.84.
A number of brokerages recently issued reports on AI. Zacks Investment Research upgraded C3.ai from a “sell” rating to a “hold” rating in a report on Monday, October 5th. Maxim Group reiterated a “hold” rating on shares of C3.ai in a report on Friday, October 9th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold”.
The business has a fifty day simple moving average of $62.07 and a two-hundred day simple moving average of $17.61.
About C3.ai (NYSE:AI)
Arlington Asset Investment Corp. engages in the acquisition and holding a portfolio of residential mortgage-backed securities. Its portfolio consists of agency mortgage-backed securities and mortgage credit investments. The company was founded by Eric Francis Billings and William Russel Ramsey in 1989 and is headquartered in McLean, VA.
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