Updated
Updated · MarketWatch · Apr 30CGI Inc. Cl A stock slides as Canadian market rises
2 articles · Updated · MarketWatch · Apr 30
- The shares fell 0.97% to C$88.91 on Thursday, while the S&P/TSX Composite Index gained 1.94% to 33,964.33.
- CGI closed 41.7% below its 52-week high of C$152.63, reached on 13 May.
- Trading volume reached 1.1 million shares, above the stock's 50-day average of 683,247, indicating heavier-than-usual activity.
With record bookings and a major AI push, is CGI's stock slump a market overreaction? Amid Canada's tech talent crisis, can CGI's ambitious AI strategy truly deliver on its promises?