The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. C3.ai Inc shares valued at $21,512,085 were sold by Snabe Jim H. on Dec 17 ’24. At $43.05 per share, Snabe Jim H. sold 499,700 shares. The insider’s holdings dropped to 10,000 shares worth approximately $0.36 million following the completion of this transaction.
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Also, Lath Hitesh sold 3,949 shares, netting a total of over 167,280 in proceeds. Following the sale of shares at $42.36 each, the insider now holds 851 shares.
Before that, Snabe Jim H. had added 499,700 shares to its account. In a trade valued at $21,513,687, the Director bought C3.ai Inc shares for $43.05 each.
As published in a research note from KeyBanc Capital Markets on December 19, 2024, C3.ai Inc [AI] has been rated down from a Sector weight to an Underweight and the price target has been revised to $29. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid December. As of May 30, 2024, Northland Capital has increased its “Market perform” rating to a “an Outperform” for AI. Earlier on November 21, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for AI stock which previously was a “a Perform”.
Analyzing AI Stock Performance
During the last five days, there has been a drop of approximately -16.95%. Over the course of the year, C3.ai Inc shares have jumped approximately 23.99%. Shares of the company reached a 52-week high of $45.08 on 12/10/24 and a 52-week low of $18.85 on 09/05/24. A 50-day SMA is recorded $31.92, while a 200-day SMA reached $27.30. Nevertheless, trading volume fell to 2.68 million shares from 4.19 million shares the previous day.
Support And Resistance Levels for C3.ai Inc (AI)
According to the 24-hour chart, there is a support level at 35.21, which, if violated, would cause prices to drop to 34.72. In the upper region, resistance lies at 36.13. The next price resistance is at 36.56. RSI (Relative Strength Index) is 48.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.15, which suggests the price will decrease in the coming days. Percent R is at 81.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
