RBC Boosts Stake in Innodata
Royal Bank of Canada increased its stake in Innodata Inc. (NASDAQ:INOD) by 16.7% during the first quarter, according to a recent SEC filing.
The bank owned 169,054 shares of Innodata's stock after acquiring an additional 24,216 shares during the period.
Innodata trades at a high earnings multiple and has a beta of 2.92, indicating substantial sensitivity to market and AI-sector sentiment.