Why C3.ai Stock Popped Ahead of Earnings
On a basically flat day for stock markets Tuesday, shares of artificial intelligence (AI) stock C3.ai (NYSE: AI) are doing better than most -- up 3.2% as of 10:30 a.m. ET. And according to the market watchers at StreetInsider, there's one reason and one reason only that C3 stock might be doing so well today.
Stock options traders are buying calls 4.5 times more heavily than they're buying puts today. In other words, they're betting heavily that C3.ai stock will go up after earnings, and not down.
But why?
Source Fool.com