UiPath (NYSE:PATH) drops with buyback move adding pressure to AI automation names
UiPath, Inc. lagged big tech Wednesday afternoon in New York, dropping 1.7% to $11.45. SPDR S&P 500 ETF Trust slipped 0.4%. Invesco QQQ Trust Series 1 traded almost unchanged. Reuters said Wall Street was under pressure as traders pulled back on risk and oil prices climbed, but UiPath slid harder than the index funds.