authID Plunges 10.43% Amid Insider Selling, AI Program Shifts

On March 24, 2025, authID experienced a significant drop of 10.43% in pre-market trading, sparking concerns among investors about the company's recent developments and market sentiment.

One of the key factors contributing to the decline in authID's stock price is the recent insider selling activity. Analysts have identified three warning signs, one of which is particularly concerning, suggesting that investors should exercise caution before making any investment decisions.

Additionally, the announcement of the Stargate AI Program has introduced new dynamics in the tech industry. With Oracle joining the collaboration, the cooperation conditions between OpenAI and Microsoft are no longer applicable, which could impact authID's strategic partnerships and market position.

Furthermore, the recent short interest in SentinelOne, a competitor in the cybersecurity sector, has fallen by 9.2% since its last report. This indicates a shift in market sentiment towards SentinelOne, which could potentially divert investor attention away from authID.