C3.ai options trading surged on Thursday, May 14. Traders acquired 76,266 call options. This volume represents a 58% increase over the daily average. The average daily volume is 48,323. The activity suggests bullish sentiment.
C3.ai released preliminary fourth-quarter results earlier this week. Revenue met expectations. The company reported a narrower loss than anticipated.
Founder Thomas M. Siebel returned as Chief Executive Officer. Analysts view the move as a step toward stabilization following a period of restructuring.