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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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
NEGATIVE IMPACT
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