Why Innodata Stock Lost 23% in November
Shares of Innodata (NASDAQ: INOD), an AI stock focused on data-labeling, were pulling back last month as the stock reacted to concerns about the AI bubble bursting and an underwhelming earnings report.
As a result, the stock finished the month down 23%, according to data from S&P Global Market Intelligence. As you can see from the chart below, most of the stock's losses came in the first half of the month, which included its earnings report.
Source Fool.com
Innodata Inc. Stock
€30.35
-2.760%
Innodata Inc. is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
With a target price of 92 € there is potential for a 203.13% increase which would mean more than doubling the current price of 30.35 € for Innodata Inc..
