Ccc Intelligent Solutions Holdings Inc (CCCS)

Shares of CC Intelligent Solutions (CCCS) dropped by 5.99% from $11.69 to $10.99 in the trading on Thursday, Novemeber 9, 2023. The reason why CCCS down is due to a secondary offeringconducted by CCC Intelligent Solutions in which they priced 65 million shares at $10.50 per share. Secondary offerings can often lead to downward pressure on a company's stock price as they increase the supply of shares available in the market, potentially diluting the value of existing shares.

CCC Intelligent Solutions (CCCS) dropped by 6.37% from $12.24 to $11.46 in the trading on Tuesday October 24, 2023. The reason why CCCS stock down today is because Advent pulled sale process. Private equity firm Advent has halted the sale process for the provider of software for the car insurance industry. Advent appears to have dropped the auction for CCCS after parties couldn't agree on price. It seemed to weigh on the stock as did the broader market sell-off, causing CCCS stock down today.