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

Cerence Inc. (OTCMKTS:CRNCVGet Free Report)’s stock price was down 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 changed hands during trading, an increase of 12,662% from the average daily volume of 75,989 shares. The stock had previously closed at $18.97.

Cerence Price Performance

The firm’s 50-day simple moving average is $7.41 and its two-hundred day simple moving average is $4.54.

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