Cerence (OTCMKTS:CRNCV) Trading Down 17.5% – Here’s Why

Cerence Inc. (OTCMKTS:CRNCVGet Free Report) shares dropped 17.5% during trading on Friday . The company traded as low as $14.85 and last traded at $15.65. Approximately 9,697,746 shares were traded during mid-day trading, an increase of 12,662% from the average daily volume of 75,989 shares. The stock had previously closed at $18.97.

Cerence Stock Performance

The company has a 50-day moving average of $7.41 and a two-hundred day moving average of $4.53.

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