Why C3.ai Stock Was Sliding Today
Shares of C3.ai (NYSE: AI) were pulling back today after yesterday's big surge. There was no news out on the volatile AI stock, but its fiscal fourth-quarter earnings report is due out after hours today, and investors seem to be positioning themselves ahead of the report, with some investors taking profits after yesterday's pop.
As of 12:31 p.m. ET, the stock was down 12.1% on high volume.
C3.ai shares have soared since May 15, when the company posted preliminary earnings that were better than expectations and said it concluded its investigation into short-seller claims and found no wrongdoing.
Source Fool.com
