EPAM Systems stock sheds 2.44% and outperforms rivals
Updated
Updated · MarketWatch · May 6
EPAM Systems stock sheds 2.44% and outperforms rivals
12 articles · Updated · MarketWatch · May 6
Shares closed at $106.97 on Wednesday, while the S&P 500 rose 1.46% and the Dow gained 1.24% in a broadly stronger market.
It was EPAM's fourth straight daily decline, leaving the stock 51.93% below its 52-week high of $222.53 reached on 15 January.
EPAM still fared better than DXC and Accenture, though IBM fell less, while trading volume rose to 1.9 million shares from a 50-day average of 1.3 million.
Why is EPAM's stock plummeting despite strong earnings and a massive new AI partnership?
With analysts predicting a 72% upside, is EPAM a historic AI bargain or a classic value trap?
Can training 20,000 employees in AI save a company whose stock is down nearly 50% year-to-date?