TRI is trading at $83.40 (-4.02%) as the stock faces pressure from its ex-dividend date and persistent AI disruption fears in the software and finance sectors.
- The decline aligns with broader market weakness, with the S&P 500 and NASDAQ down 0.69% and 1.06% respectively, following a 6% drop for the stock on February 16.
- Today marks the company's ex-dividend date ($0.655 per share), a factor that typically contributes to immediate downward price pressure in the absence of new catalysts.
- Despite the recent volatility, RBC analysts upgraded the stock on February 10, citing potential AI-driven growth opportunities following the recent selloff.