As 2024 nears the end, tax loss selling is performed for tax-loss harvesting by institutional and individual investors. This is the process of selling losing positions to take the capital loss to offset capital gains in other stocks in the portfolio. This accentuates the selling pressure for underperforming stocks. Investors usually wait 30 days to avoid the wash rule and buy back the shares. This results in the same stocks seeing inflows in January, propping up their prices.
The company has received positive feedback on its new Agenic Automation & Agent Builder. Its December preview has already garnered 1,000 customer registrations, some customers calling it a potential paradigm shifter. Rather than telling its bot what to do, a human worker can give an AI agent a task prompt like"Please compile a detailed report that includes detailed analysis, recommended actions and the rationale for the actions.
UiPath CEO Daniel Dines commented, “Our customers’ response to the agentic automation vision and roadmap that we announced at FORWARD has been energizing and reinforces our leading position in the AI-powered automation market.”
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