C3.ai shares are trading lower following a report suggesting Baker Hughes sold over 2.2 million shares in Q2.
Portfolio Pulse from Benzinga Newsdesk
C3.ai's stock price is experiencing a downturn following a report that Baker Hughes sold over 2.2 million shares in the second quarter.
August 07, 2023 | 5:33 pm
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NEGATIVE IMPACT
C3.ai's stock price is likely to be negatively impacted in the short term due to the large sell-off by Baker Hughes.
The sale of a large number of shares by a significant holder like Baker Hughes can lead to a decrease in the stock price due to the increased supply of shares in the market. This is likely to have a negative impact on C3.ai's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100