C3.ai (NYSE:AI) Stock Price Down 5.5%


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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.

Hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP boosted its position in shares of C3.ai by 938.9% in the 3rd quarter. GSA Capital Partners LLP now owns 108,856 shares of the financial services provider’s stock worth $309,000 after purchasing an additional 98,378 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in shares of C3.ai in the 3rd quarter worth approximately $276,000. Bridgeway Capital Management Inc. boosted its position in shares of C3.ai by 17.1% in the 2nd quarter. Bridgeway Capital Management Inc. now owns 308,169 shares of the financial services provider’s stock worth $915,000 after purchasing an additional 45,000 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of C3.ai in the 2nd quarter worth approximately $104,000. Finally, Ellington Management Group LLC boosted its position in shares of C3.ai by 11.6% in the 2nd quarter. Ellington Management Group LLC now owns 247,278 shares of the financial services provider’s stock worth $734,000 after purchasing an additional 25,756 shares in the last quarter.

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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