RTTNews | Aug 2, 2021 12:28PM EDT

12:27 Monday, August 2, 2021 (RTTNews.com) - UiPath Inc (PATH) is trading 5% lower on Monday, despite no stock-specific news to move the shares.

Since getting listed in April, the company had reached its peak in mid-May but since then, the shares have started to fall. While the shares have shown signs of improvement every now and then, the downward slope has continued to extend. The company dropped to its lowest on July 12 and after a short span of recovery, it started to drop again.

The shares are currently dealing at $60.16, down $-2.40 or 3.84% from their previous close at $62.56 on Friday. The shares opened at $61.98 in the morning and in the 52-week period, the shares have ranged between $57.01 and $90.00.

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