Shares of Cerence Inc. (OTCMKTS:CRNCV – Get Free Report) fell 3.6% during trading on Monday. The company traded as low as $8.2822 and last traded at $8.34. 489,569 shares were traded during trading, an increase of 544% from the average session volume of 75,989 shares. The stock had previously closed at $8.65.
Cerence Stock Down 3.6%
The company has a fifty day moving average of $8.39 and a 200-day moving average of $9.13.
Cerence Inc is an automotive technology company that develops artificial intelligence software for connected vehicles. Its solutions are designed to support natural, conversational interactions between drivers and vehicles, helping people access navigation, entertainment, communications, vehicle controls and other in-car services through voice and other interfaces.
The company’s product portfolio includes voice recognition, natural-language understanding, conversational assistants and generative-AI technologies tailored for automotive applications.
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