C3.ai CEO Tom Siebel Is Stepping Down. Is the Stock in Trouble?

Whenever there's a change in management, it can mark a turning point for a company, especially if an executive has been in charge for a long time. It gives a business the opportunity to have a fresh set of eyes to look over the operations and potentially make strategic changes. But it can create a lot of uncertainty in the short term.Recently, C3.ai (NYSE: AI) announced that its CEO, Tom Siebel, will be stepping down for health reasons. The news came out on July 24, and with no replacement in sight just yet and the news coming unexpectedly, the stock has been in a tailspin. On Monday, shares of C3.ai closed at $23.19, down more than 20% since the day before the news was released. Is the stock in trouble, or could this be a great buying opportunity?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool