Just checked and DXC is down 18% at just over $82. A massive declune from its peak of around $108 a few weeks ago! I checked the NASDAQ 100 and the index is up nearly 5% so something seems to have brought bears out to feed on DXC's diseased carcass!
8 replies (most recent on top)
Which is the huge account?
They just lost a huge account and a lot of the sell off over the last couple of weeks down to trading on insider info
Its probably because the reality of such a sh-- company is finally coming home to roost !!
KARMA
Oops another c--- up! Heads will roll...
Ochoa they c---ed up the slides in the qtrly meet and showed a less than sterling eps of 7 something against a target of $9.08 and forgot t put a giant caveat that the figures excluded prospecta, so the investors who were not at the meeting (they only look at the slides) missed Paul Suleh's later clarification and sold their shares before the newspapers Dane out. Hence the shares were devalued....probably as much as 10%. So they will climb back albeit slowly and cautiously this time.
Having bought a crap-ton of HWP when employees got 1 matched share for every two we bought, and then HPQ’s bought at lowest price during quarter, I’m pleased to finally be in the black with all the spin-offs.
As the other poster said, the last days huge share drop is only because that value moved to the new PRSP company, and (most) anyone who held DXC shares got one share of PRSP for every two DXC’s they owned.
Hope this is true......F 'em.....it was bound to occur. Great saying what goes around comes around....
That is because the Public Sector part of DXC was spun off into a company called Prospecta. The "Value" of that portion of the business was moved and thus the remainder was reduced.