Q: Could you add anything beyond what I can read on yahoo finance why the stock jumped yesterday please?
Is the case to be made to average down based on this reaction? Within a reasonable position.
Is the case to be made to average down based on this reaction? Within a reasonable position.
5i Research Answer:
The stock of course had been beaten up pretty badly. TRI fought back on the AI scare, releasing that its own AT tool for lawyers, CoCounsel, hit one million users and shifted from 'experimentation' to 'production'. Co Counsel was also mentioned by Anthropic in an investor briefing. TRI rose 11%. On Wednesday TRI announced a $1.36 cash distribution and a $600M buyback. We would continue to see the stock as buyable, but in a slow, accumulation pattern. The AI fear sentinent could certainly still linger and cause more volatility.