Veritone shares pop 16% as traders look at small AI firm with funding issues
Veritone rallied 16.3% on Thursday, ending the session at $2.28. The jump blew past the Nasdaq, which edged up only slightly. The move came after little news from the AI software maker, with most traders still reacting to the company’s latest earnings and flagged debt risks. Trading volume surged to around 4.74 million shares, compared with 1.79 million the day before, as the stock moved in a $1.94 to $2.315 range. Veritone shares moved even though the company hadn’t put out any new statement in the last two days. The most recent item on Veritone’s investor site is a May 14 post about a Broadbean recruiting tool, coming after its May 12 Q1 results.