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Why C3.ai Stock Lost 18% in November

TheMotleyFool

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C3.ai (NYSE: AI), an AI-focused software-as-a-service (SaaS) company, was sliding again in November as a large insider sale seemed to trigger a wave of selling and because of broader headwinds against growth stocks over concerns about tightening monetary policy and rising interest rates. As a result, the stock fell 18% last month, according to data from S&P Global Market Intelligence.

As you can see from the chart below, most of the stock's decline came over a few sessions in the middle of the month.