KD Logo

Northland Capital Upgrades C3.ai Inc (AI) to an Outperform from a Market perform

C3.ai Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER Lath Hitesh unloaded Company’s shares for reported $82818.0 on Jun 27 ’24. In the deal valued at $27.56 per share,3,005 shares were sold. As a result of this transaction, Lath Hitesh now holds 7,390 shares worth roughly $0.27 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, Parkkinen Juho sold 407 shares, generating $11,722 in total proceeds. Upon selling the shares at $28.80, the SVP & Chief Financial Officer now owns 295,815 shares.

Before that, Parkkinen Juho sold 5,513 shares. C3.ai Inc shares valued at $168,477 were divested by the SVP & Chief Financial Officer at a price of $30.56 per share. As a result of the transaction, Parkkinen Juho now holds 296,907 shares, worth roughly $10.8 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 -3.96% to $36.36. Over the last five days, the stock has gained 10.32%. C3.ai Inc shares have risen nearly 26.65% since the year began. Nevertheless, the stocks have risen 25.34% over the past one year. While a 52-week high of $39.88 was reached on 11/25/24, a 52-week low of $18.85 was recorded on 09/05/24. SMA at 50 days reached $26.56, while 200 days put it at $26.53.

Levels Of Support And Resistance For AI Stock

The 24-hour chart illustrates a support level at 35.34, which if violated will result in even more drops to 34.31. On the upside, there is a resistance level at 37.83. A further resistance level may holdings at 39.29. The Relative Strength Index (RSI) on the 14-day chart is 73.05, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.29%. Stochastics %K at 87.15% indicates the stock is a selling.

How much short interest is there in C3.ai Inc?

A steep rise in short interest was recorded in C3.ai Inc stocks on 2024-11-15, dropping by -1.79 million shares to a total of 22.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 24.56 million shares. There was a decline of -7.87%, which implies that there is a negative sentiment for the stock.

Most Popular