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Why C3.ai's Stock is Down During Today's Session

January 4, 2021 10:52 am
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The Price And Volume Action In C3.ai's Stock Today

C3.ai (NYSE:AI) is currently down 13.4% to a price of $123.42. The stock’s volume is currently 2.15 million, which is roughly 23.8% of its recent 30-day volume average of 9.04 million.

Why It’s Moving

Benzinga Pro's real-time breaking news service shows some insight into what is affecting shares: C3.ai shares are trading lower after multiple firms issued bearish valuations on the stock. JP Morgan initiated coverage on the stock with an Underweight rating and announced an $84 price target. Morgan Stanley initiated coverage on the stock with an Underweight rating and announced a $100 price target.

Insights On Recent Price Action

The stock’s 50-day moving average was $113.4 at the time this article was published. Over the past fifty-two weeks, the price has risen as high as $183.9 and fallen to a low of $1.4.

If you’re looking for timely and concise explanations of why a stock is moving, check out Benzinga Pro. Subscribers get ‘Why Is It Moving’ alerts as soon as our research team identifies the cause of the price action in a stock. Click here to learn more.


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