C3.ai Options Surge Amid Insider Selling, Stock Slump

C3.ai saw unusually high options activity Friday, with 126,333 call options purchased, a 122% spike above average volume. The stock opened at $8.63, well below its 52-week high of $30.24, with a market cap of $1.25 billion. Insiders have sold over 1.6 million shares worth $18.5 million in the past 90 days, including Chairman Thomas Siebel cutting his position by 41%. The company also missed quarterly earnings estimates significantly, reporting revenue down 46.1% year-over-year, with most analysts maintaining hold or sell ratings.