C3.ai Inc’s recently made public that its CHIEF FINANCIAL OFFICER Lath Hitesh unloaded Company’s shares for reported $21035.0 on Jan 02 ’25. In the deal valued at $35.00 per share,601 shares were sold. As a result of this transaction, Lath Hitesh now holds 250 shares worth roughly $8105.0.
Then, LEVIN RICHARD C sold 12,000 shares, generating $417,557 in total proceeds. Upon selling the shares at $34.80, the Director now owns 161,664 shares.
Before that, Witteveen Merel sold 11,132 shares. C3.ai Inc shares valued at $389,109 were divested by the Senior VP, Operations at a price of $34.95 per share. As a result of the transaction, Witteveen Merel now holds 4,142 shares, worth roughly $0.13 million.
KeyBanc Capital Markets downgraded its C3.ai Inc [AI] rating to an Underweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “an Underweight”. Northland Capital also remained covering AI and has increased its forecast on May 30, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Oppenheimer revised its rating on November 21, 2023. It rated AI as “an Outperform” which previously was an “a Perform”.
Price Performance Review of AI
On Friday, C3.ai Inc [NYSE:AI] saw its stock fall -2.64% to $32.42. Over the last five days, the stock has lost -6.49%. C3.ai Inc shares have fallen nearly -5.84% since the year began. Nevertheless, the stocks have risen 14.56% over the past one year. While a 52-week high of $45.08 was reached on 01/06/25, a 52-week low of $18.85 was recorded on 01/10/25. SMA at 50 days reached $33.86, while 200 days put it at $27.62.
Levels Of Support And Resistance For AI Stock
The 24-hour chart illustrates a support level at 31.48, which if violated will result in even more drops to 30.53. On the upside, there is a resistance level at 33.24. A further resistance level may holdings at 34.05. The Relative Strength Index (RSI) on the 14-day chart is 40.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.09%. Stochastics %K at 6.01% indicates the stock is a buying.
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 July 25, 2023 when Northland Capital began covering the stock and recommended ‘”a Market perform”‘ rating along with a $40 price target.
