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In the trading session, C3.ai outperformed rivals Microsoft Corp (NASDAQ:MSFT)., and Alphabet (NASDAQ:GOOGL) Inc.’s Class C and Class A shares, all of which reported only marginal gains. However, despite the positive performance of C3.ai’s shares, the trading volume of 7.6 million fell short of its 50-day average volume of 13.4 million, according to data from Automated Insights.
The recent rebound for C3.ai comes after a period of consistent decline, with the company’s shares having suffered a five-day losing streak prior to Wednesday’s rise. The company’s current share price is still considerably lower than its peak in mid-June last year, indicating that it has yet to fully recover from subsequent market fluctuations.
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