Cerence (OTCMKTS:CRNCV) Shares Up 1.6% – Here’s What Happened

Shares of Cerence Inc. (OTCMKTS:CRNCV) traded up 1.6% during mid-day trading on Wednesday . The company traded as high as $7.97 and last traded at $7.77. 2,203,885 shares changed hands during mid-day trading, an increase of 2,800% from the average session volume of 75,989 shares. The stock had previously closed at $7.65.

Cerence Trading Up 1.6%

The company has a 50-day simple moving average of $11.33 and a two-hundred day simple moving average of $10.82.

Cerence Inc, headquartered in Burlington, Massachusetts, is a leading provider of AI-powered voice and mobility solutions for the automotive industry. Established in October 2019 as a spin-off from Nuance Communications, the company leverages advanced speech recognition, natural language understanding, and conversational AI technologies to deliver in-car virtual assistants and connected services.

Cerence’s product suite includes voice assistants, text-to-speech engines, acoustic modeling, and predictive analytics that enable drivers to control navigation, entertainment, climate settings, and other vehicle functions through natural speech.