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Why C3.ai Stock Keeps Going Down

TheMotleyFool

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Why C3.ai Stock Keeps Going DownPhoto, wide shot, wide-angle lens, Private equity firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Edward Burtynsky: https://img.theapi.app/temp/2b695cca-48cb-4195-802a-e3385fb90ec0.png

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For four long days, shares of eponymous artificial intelligence stock C3.ai (NYSE: AI) have gone nowhere but down, falling another 3.3% in morning trading on the NYSE Friday, 11:15 a.m. ET -- and losing nearly 24% from Tuesday's close.

And yet, on Wall Street the news about C3.ai has been generally positive. Or at least it seemed positive, with investment banks Bank of America, Canaccord, JMP Securities, Morgan Stanley, Piper Sandler, and Wedbush all lining up to raise price targets on the company after it beat earnings on Wednesday.

Source Fool.com