C3.ai Inc’s recently made public that its SVP & Chief Financial Officer Parkkinen Juho unloaded Company’s shares for reported $11722.0 on Dec 26 ’23. In the deal valued at $28.80 per share,407 shares were sold. As a result of this transaction, Parkkinen Juho now holds 295,815 shares worth roughly $9.26 million.
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Then, Parkkinen Juho sold 685 shares, generating $22,030 in total proceeds. Upon selling the shares at $32.16, the SVP & Chief Financial Officer now owns 296,222 shares.
Before that, ABBO EDWARD Y sold 45,548 shares. C3.ai Inc shares valued at $1,399,690 were divested by the Chief Technology Officer at a price of $30.73 per share. As a result of the transaction, ABBO EDWARD Y now holds 727,373 shares, worth roughly $22.77 million.
Northland Capital upgraded its C3.ai Inc [AI] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in late November from “a Perform” to “an Outperform”. Northland Capital began covering AI with “Market perform” recommendation on July 25, 2023. Oppenheimer started covering the stock on June 29, 2023. It rated AI as “a Perform”.
Price Performance Review of AI
On Tuesday, C3.ai Inc [NYSE:AI] saw its stock fall -0.16% to $31.31. Over the last five days, the stock has gained 5.53%. C3.ai Inc shares have risen nearly 9.06% since the year began. Nevertheless, the stocks have fallen -15.36% over the past one year. While a 52-week high of $48.87 was reached on 02/29/24, a 52-week low of $20.23 was recorded on 04/16/24. SMA at 50 days reached $24.95, while 200 days put it at $27.08. A total of 5.25 million shares were traded, compared to the trading of 7.84 million shares in the previous session.
Levels Of Support And Resistance For AI Stock
The 24-hour chart illustrates a support level at 30.66, which if violated will result in even more drops to 30.00. On the upside, there is a resistance level at 31.89. A further resistance level may holdings at 32.46. The Relative Strength Index (RSI) on the 14-day chart is 72.97, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.99%. Stochastics %K at 93.13% indicates the stock is a selling.
