Disappointing Q2 2018 results from Veritone Inc. pummeled the AI tech company’s stock on Tuesday. On Wednesday, the hemorrhaging continued. When all was said and done, the company’s share value retreated to levels not seen in a year, wiping out all gains.
At the Closing Bell, VERI was off another 12.2% to a fresh year-to-date low of $10.79.
Volume was heavy at 863,386 shares; average volume for Veritone is 189,026 shares.
As recently as June 12, Veritone shares were valued at $24.16. However, the company working with radio and TV on audio attribution solutions in the digital realm has struggled of late with its profits — even with growth including the acquisition of Wazee Digital for an undisclosed price.
How did other companies fare on a down day on Wall Street? Visit the Wall Street Report on the homepage of RBR.com for a quick glance.