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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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
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