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      Here is why Cerence Inc. (CRNC) stock had a GOOD Thursday? - Stocks Telegraph

      By Asim Kamal

      Published on

      July 2, 2021

      4:27 AM UTC

      Last Updated on

      July 14, 2021

      7:31 AM UTC

      Here is why Cerence Inc. (CRNC) stock had a GOOD Thursday? - Stocks Telegraph

      Cerence Inc. (CRNC) shares gained 7.77%  in after-hours on Thursday, July 1, 2021, and closed the day at $117.01 per share. Earlier in the morning session, CRNC’s stock gained 1.74% to close Thursday’s session at $108.57. CRNC shares have risen 159.99% over the last 12 months, and they have moved down 4.77% in the past week. Over the past three months, the stock has gained 16.32%, while over the past six months, it has shed 6.04%.

      Cerence debut on S&P MidCap 400

      Cerence Inc will replace Adtalem Global Education Inc in the S&P MidCap 400effective before the opening of trading on Wednesday, July 7, 2021.

      Boston CIO of the Year

      On June 24, 2021, Cerence ‘s Chief Information Officer, Bridget Collins, was named 2021 Boston CIO of the Year® in the Corporate category, chosen by her CIO peers.

      The CIO of the Year® ORBIE® Awards is the premier technology executive recognition program in the United States.

      Cerence and SiriusXM partnership

      On June 10, 2021, Cerence Inc announced to team up with SiriusXM to bring Cerence’s conversational AI technologyas part of a packaged offering for automakers.

      The two companies will work together to enrich the driver experience by offering natural, conversational access to SiriusXM. The partnership will also better voice technology to more drivers across more OEMs and deliver an easy-to-use and more uniform way.

      Cerence and Pioneer partnership

      On June 08, 2021, Pioneer Corporation and Cerence Inc signed a strategic partnership agreement to develop scalable, secure, AI-powered products and services for the mobility world.

      The agreement will combine the leading-edge technologies of Pioneer and Cerence to utilize the companies’ respective knowledge and technologies to accelerate and develop products and services that enhance mobility experiences for drivers and passengers globally.

      Cerence was awarded to power WISE

      On June 03, 2021, SAIC-GM-Wuling selected Cerence Inc to power WISE(Wuling Interconnected Smart Ecosystem) which is the integration of Internet vehicle and ADAS features, as well as the upgraded generation of WIND (Wuling Indonesian Command).

      WIND was launched in Wuling Almaz in 2019 as the automaker’s first smart model built for a market outside of China.WIND marks a significant milestone as Cerence supports Wuling’s journey of globalization with optimized recognition of the Indonesian language, as well as additional voice-powered features and functionalities.

      Cerence Partnership with CarPay-Diem 

      On May 18, 2021, Cerence Inc announced the integration of the CarPay-Diem fuel payment platform into Cerence Pay. Cerence Pay delivers a secure, contactless payment experience in the car through voice-powered AI, enabling drivers to make key purchases like gas, food and parking through a world-class ecosystem of merchant partners, now including CarPay-Diem fuel retail partners.

      Conclusion

      Well, as of this writing, we have only one news which is its upcoming inauguration on S&P MidCap 400 which may or may not be the reason behind its good performance on Thursday. we hope that it will continue to perform well on the last day of the week.

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