Bill.com BILL shares are trading lower on Thursday after a company director sold 4 million shares at $96.37 per share.
The weakness is also potentially related to overall profit-taking in the tech sector following its recent strength.
Bill.com provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers an artificial-intelligence (AI)-enabled financial software platform.
Bill.com shares were down 9.99% at $90.01 at the time of publication on Thursday. The stock has a 52-week high of $107.41 and a 52-week low of $23.61.
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