Cerence (OTCMKTS:CRNCV) Trading Up 4.6% – Time to Buy?

by · The Cerbat Gem

Cerence Inc. (OTCMKTS:CRNCV – Get Free Report) shares were up 4.6% during mid-day trading on Friday . The stock traded as high as $11.28 and last traded at $11.22. Approximately 1,638,974 shares were traded during mid-day trading, an increase of 2,057% from the average daily volume of 75,989 shares. The stock had previously closed at $10.73.

Cerence Stock Down 2.5%

The business’s fifty day moving average is $10.69 and its 200 day moving average is $10.40.

Cerence Inc, headquartered in Burlington, Massachusetts, is a leading provider of AI-powered voice and mobility solutions for the automotive industry. Established in October 2019 as a spin-off from Nuance Communications, the company leverages advanced speech recognition, natural language understanding, and conversational AI technologies to deliver in-car virtual assistants and connected services.

Cerence’s product suite includes voice assistants, text-to-speech engines, acoustic modeling, and predictive analytics that enable drivers to control navigation, entertainment, climate settings, and other vehicle functions through natural speech.

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