Kodiak AI Stock Barely Moves, But One $6.50 Number Is Still Steering the Trade
Kodiak AI shares slipped 2 cents to $6.96 Wednesday, trading near the $6.50 price from its recent $100 million private share sale. The company reported first-quarter revenue of $1.8 million and negative free cash flow of $35 million, ending March with $90.2 million in cash. Investors remain focused on Kodiak’s capital needs and scaling plans despite a new workplace award. Aurora Innovation shares also traded lower.