EPAM Systems stock falls 4.81% in sixth straight daily loss
Updated
Updated · MarketWatch · May 7
EPAM Systems stock falls 4.81% in sixth straight daily loss
12 articles · Updated · MarketWatch · May 7
Shares closed at $99.23 on Friday as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
Trading volume reached 2.4 million shares, above the 50-day average of 1.4 million, while the stock remained 55.41% below its 52-week high of $222.53.
The decline extended Thursday's five-day losing streak from $104.24, though EPAM still outperformed DXC Technology's 21.48% drop and trailed modest gains in Accenture and IBM.
With strong earnings but a plunging stock, is EPAM's major AI push a winning bet or a desperate gamble?
As generative AI threatens its core business, can EPAM transform fast enough to survive the industry's biggest shift?