Cerence Inc. (OTCMKTS:CRNCV – Get Free Report) shares were down 0.1% during mid-day trading on Monday. The stock traded as low as $8.00 and last traded at $8.09. Approximately 450,387 shares changed hands during trading, an increase of 493% from the average daily volume of 75,989 shares. The stock had previously closed at $8.10.
Cerence Trading Up 0.9%
The company has a 50-day moving average of $8.42 and a 200-day moving average of $9.08.
Cerence Inc develops artificial intelligence software and technology for the automotive industry. The company’s solutions enable drivers and passengers to interact with vehicles through natural-language voice commands, supporting functions such as navigation, media, communications, vehicle controls and access to connected services.
Its product portfolio has included embedded automotive voice assistants, conversational AI platforms, speech recognition, natural-language understanding, text-to-speech and cloud-connected services.
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