20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
C3.ai, Inc. (NYSE:AI) shares are trading lower following a Bloomberg report suggesting the company cut jobs last week.
What To Know:
Bloomberg reported that the cuts were related to employee performance and cost-cutting, not "lay-offs", and the employees who were released will receive only one-month's severence.
A company spokesperson stated, "“C3 AI continues to hire and fill open positions to fuel our strategic areas. We currently have jobs posted for 109 open positions. Like many high-performance companies, we regularly manage out lower performance employees.”
C3.ai had 914 employees at the end of April, and it is unclear how many employees were cut.
C3.ai shares had been trading nearly 7% higher Monday amid the weekend's sudden OpenAI and Microsoft Corporation (NASDAQ:MSFT) corporate developments, but dropped dramatically as investors learned of the report.
Related News: What's Going On With Palantir Stock Setting New 52-Week High?
AI Price Action: According to Benzinga Pro, C3.ai shares closed down 4.36% for the session at $28.04.
Image: Pete Linforth from Pixabay
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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