C3.ai Shares Rebound After Five-Day Slump, Still Below 52-Week High

Shares of C3.ai Inc. saw a notable increase of 3.34%, closing at $24.42 on Wednesday, thus ending a five-day losing streak in a mixed trading session where only minor fluctuations were observed in major indices such as the NASDAQ and Dow Jones. Despite this rise, the company’s share price remains substantially below its 52-week high of $48.87, which was recorded on June 16, 2022.

During the trading session, C3.ai managed to outperform competitors, with companies like Microsoft Corp and Alphabet Inc. (in both Class C and Class A shares) displaying only slight gains. Nevertheless, C3.ai’s trading volume reached 7.6 million shares, which fell short of its 50-day average volume of 13.4 million, according to data analyzed by Automated Insights.

This recent uptick follows a prolonged period of decline for C3.ai, which experienced a five-day losing streak before Wednesday’s gain. The current share price still indicates that the company has not fully recovered from the market fluctuations that occurred after reaching its peak in mid-June of the previous year.

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