What's Going On With C3.ai Stock Today?
Portfolio Pulse from Henry Khederian
C3.ai Inc's shares are trading lower by 6.0% to $33.84, 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 earnings of $0.05 per share, in line with estimates, and a 13% YoY revenue increase to $533.32 million.
August 09, 2023 | 2:58 pm
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NEUTRAL IMPACT
Palantir's Q2 results, reporting earnings of $0.05 per share and a 13% YoY revenue increase, may have indirectly impacted C3.ai's stock.
Palantir's Q2 results, which were in line with estimates, may have indirectly impacted C3.ai's stock as they are in the same industry. However, the direct impact on Palantir's own stock is not mentioned in the news.
CONFIDENCE 75
IMPORTANCE 50
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, potentially due to the Q2 results of peer company Palantir and a report suggesting that Baker Hughes sold more than 2.2 million shares in Q2. This could indicate a lack of confidence in the company, leading to a negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100