C3.ai (NYSE:AI) Inc.'s shares broke a two-day winning streak on Wednesday, closing at $25.73, marking a 2.17% drop. The stock's current price is significantly lower than its 52-week high of $48.87, which the company achieved on June 16, 2023.
The overall market also struggled on Wednesday, with key indices such as the S&P 500 Index and the Dow Jones Industrial Average declining by 1.34% and 0.98%, respectively. The tech company's performance lagged behind competitors like Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL). Microsoft's shares fell to $330.11, while Alphabet's Class C and Class A stocks closed at $139.28 and $137.96 respectively.
Trading volume for C3.ai was recorded at 5.2 million, falling short by 4 million compared to its average trading volume of $11.28 million as stated by InvestingPro. Despite the recent dip in share price, it is important to note that fluctuations in stock prices are common in the market and can be influenced by a variety of factors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.