Shares of C3.ai Inc. AI, +0.58% inched 0.58% higher to $24.11 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.81% rising 0.81% to 4,263.75 and the Dow Jones Industrial Average DJIA, +0.39% rising 0.39% to 33,129.55.
The stock’s rise snapped a two-day losing streak.
C3.ai Inc. closed $24.76 short of its 52-week high ($48.87), which the company achieved on June 16th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. MSFT, +1.78% rose 1.78% to $318.96, Alphabet Inc. Cl C GOOG, +2.23% rose 2.23% to $136.27, and Alphabet Inc. Cl A GOOGL, +2.12% rose 2.12% to $135.24.
Trading volume (4.5 M) remained 7.6 million below its 50-day average volume of 12.2 M.