ExlService Holdings Inc (EXLS)

ExlService (EXLS) stock dropped more than 80% at the open today. However, this drop is not a reaction to recent results or any negative event but rather a consequence of the stock's significant rise in the past. Management believes the stock is overvalued, and they are taking action to lower its price, but this change is related to nominal prices, not actual value. So, there is no need to be overly concerned about the overall health of the company.

https://www.dhakatribune.com/financial-markets/321424/exlservice-nasdaq-exls-stock-will-drop-80%25-at