What's Going On With C3.ai Stock?
Portfolio Pulse from Erica Kollmann
C3.ai, Inc. (NYSE:AI) shares are trading lower, with a loss of over 16% in the last five days, despite being up over 100% in the last three months. Baker Hughes Company (NASDAQ:BKR) sold more than 2.2 million shares of AI in Q2, representing about one-third of its stake. AI is currently a top trending ticker on Yahoo! Finance, with 33.02% of available shares being sold short.
August 07, 2023 | 4:44 pm
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C3.ai shares are trading lower, with a loss of over 16% in the last five days. Baker Hughes sold more than 2.2 million shares of AI in Q2. AI is currently a top trending ticker on Yahoo! Finance, with 33.02% of available shares being sold short.
The sale of a significant number of shares by Baker Hughes, a critical customer of C3.ai, could be seen as a lack of confidence in the company, potentially leading to a decrease in the stock price. The high percentage of shares being sold short indicates that many investors expect the stock price to decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Baker Hughes Company sold more than 2.2 million shares of AI in Q2, representing about one-third of its stake.
The sale of AI shares by Baker Hughes does not directly impact its own stock price. However, it could indicate a strategic shift or a need for liquidity, which investors may want to monitor.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60