C3.ai Earnings Beat Estimates. Why Its Stock Is Sliding.
Founded by the enterprise software pioneer
Tom Siebel,
C3.ai (ticker: AI) came public in December at $42 a share in a red-hot initial public offering where it opened for trading at $100. The stock traded as high as $183.90 a few weeks later before it dropped under the $50 level in mid-May. A recent surge took the stock back into the mid-$70s. That rally has now come to an abrupt end. In late trading Wednesday, the stock was off about 10% to $68.50.For the quarter ended April 30, C3.ai posted…
