DXC Technology Co (DXC)

Shares of DXC Technology Co (DXC) dropped by 12.15% from $25.03 to $21.99 in the trading on Wednesday, December 20, 2023. The reason why DXC down today is due to the announcement of a leadership change within the company. DXC Technology appointed Raul Fernandez as the interim President and CEO, succeeding Mike Salvino, with immediate effect. This change in leadership may have prompted investor reaction and contributed to the observed decline in the company's stock price. Despite the leadership change, the company reaffirmed its third-quarter guidance and FY24 free cash flow guidance of $800 million. Investors' reactions to this leadership transition and the company's guidance may have influenced the stock's decline on December 20, 2023.

DXC Technology Company (DXC) dropped by 6.11% from $22.25 to $20.89 in the trading on Tuesday October 17, 2023. The reason why DXC stock down today is due to stock downgrade by analyst. Wolfe Research downgraded the previous rating for DXC Technology Co from Peer Perform to Underperform. DXC announced that it will release financial results for the second quarter of fiscal year 2024 on Wednesday, November 1, 2023.

DXC Technology shares tumbled 29.44% on a slew of downgrades form Wall Street firms, a day after delivering a disappoint earnings report. DXC Technology Q1 2024 earnings: $0.63/share on $3.4B revenue, missing estimates by $114M. Stock down 26.15% to $19.60. Revenue growth signals profit margin decrease.

https://uk.news.yahoo.com/dxc-technology-dxc-falls-15-122800529.html