C3.ai Inc’s recently made public that its CHIEF FINANCIAL OFFICER Lath Hitesh unloaded Company’s shares for reported $0.17 million on Dec 17 ’24. In the deal valued at $42.36 per share,3,949 shares were sold. As a result of this transaction, Lath Hitesh now holds 851 shares worth roughly $36473.86.
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Then, Snabe Jim H. bought 499,700 shares, generating $21,513,687 in total proceeds.
Before that, Lath Hitesh bought 3,949 shares. C3.ai Inc shares valued at $167,280 were divested by the Officer at a price of $42.36 per share.
JP Morgan downgraded its C3.ai Inc [AI] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who increased its forecast for the stock in late May from “a Market perform” to “an Outperform”. Oppenheimer also remained covering AI and has increased its forecast on November 21, 2023 with a “an Outperform” recommendation from previously “Perform” rating. Northland Capital started covering the stock on July 25, 2023. It rated AI as “a Market perform”.
Price Performance Review of AI
On Tuesday, C3.ai Inc [NYSE:AI] saw its stock fall -0.19% to $42.86. Over the last five days, the stock has gained 2.71%. C3.ai Inc shares have risen nearly 49.29% since the year began. Nevertheless, the stocks have risen 37.28% over the past one year. While a 52-week high of $45.08 was reached on 12/10/24, a 52-week low of $18.85 was recorded on 09/05/24. SMA at 50 days reached $30.90, while 200 days put it at $27.17.
Levels Of Support And Resistance For AI Stock
The 24-hour chart illustrates a support level at 41.90, which if violated will result in even more drops to 40.93. On the upside, there is a resistance level at 43.79. A further resistance level may holdings at 44.71. The Relative Strength Index (RSI) on the 14-day chart is 71.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.91%. Stochastics %K at 65.67% indicates the stock is a holding.
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.
The most recent change occurred on June 29, 2023 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .
