Why C3.ai Sank 14.9% Last Month

Shares of C3.ai (NYSE: AI) gained 26.2% in November, according to data from S&P Global Market Intelligence. The stock lost ground amid selling pressures for growth-dependent software stocks and the publication of a new short report.

Short-selling firm Spruce Point Capital published analysis on C3.ai on Feb. 16 indicating that it saw the artificial intelligence (AI) stock having significant downside. At the time of the report's publication, the short-seller said it saw C3.ai potentially falling "up to 40% to 50%," pointing to a price range between $12.85 and $15.40.

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Source Fool.com