Interesting to note that DXC shares traded at 2x the normal trading volume ( 3.2M vs. 1.6M) today. Even more interesting is that stock still at 54. Tells me no one is buying and institutions who have stock in DXC are expecting the worst on May 23 results.
Hopefully the results will be horrible vs. Wall Street estimates and the stock will decline below 50. That means ML and his cronies lose millions.
If you are a DXC advocate; go ahead and buy. If not, watch what happens on 5/24 and enjoy.
Some piling in, more bailing out.
A big buy could be indicative of someone about to make a move towards activist investor and pressuring the board to break up or sell the company.
There's little you can say thats positive right now and that scenario would not be a good one if the wolves of wall street move in.
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