What's Going On With C3.ai Stock Today?
Portfolio Pulse from Henry Khederian
C3.ai Inc's shares are trading lower by 3.6% potentially in sympathy with Palantir Technologies Inc after the latter reported Q2 results. C3.ai's downward momentum may also be due to a report suggesting Baker Hughes Company sold more than 2.2 million shares in Q2. Palantir reported its third consecutive quarter of GAAP profitability with a 13% YoY revenue increase.
August 08, 2023 | 1:59 pm
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NEGATIVE IMPACT
C3.ai's stock is trading lower potentially due to Palantir's Q2 results and a report of Baker Hughes selling over 2.2M shares in Q2.
C3.ai's stock is trading lower, which could be due to the Q2 results of Palantir, a peer company in the big data analytics sector. Additionally, a report suggesting that Baker Hughes sold more than 2.2 million shares in Q2 could also be contributing to the downward momentum.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Palantir reported its third consecutive quarter of GAAP profitability with a 13% YoY revenue increase, which may have influenced the stock price of C3.ai.
Palantir's Q2 results, showing its third consecutive quarter of GAAP profitability and a 13% YoY revenue increase, may have influenced the stock price of C3.ai, a peer company in the big data analytics sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50