Any idea why DXC's stock price has gone up from ~8 in May to ~14 now?
While we all know how the company is performing from the inside, wonder what is making investors confident that is spiking up the share price to this level?
How does just making announcements on deploying AI and making deals with anthropic alone lead to such spikes when historically the company has shown poor performance?
@b1 awesome! Guess there's always a way to make money 😀
@ax+1m5aa6jgr i sold a batch today unfortunately before the insurance news, still made $5000+ profit.
The insurance sale pretty much means they have given up, they can't achieve growth and are selling off bits. They have done well as the whole thing was only valued at about $4 to $5 billion by the market and this sale has realised 50%.
They still have the much bigger GIS and Apps to sell which could fetch much more. Getting close to $30 to $40 in total.
If only Sally had accepted the previous bids at $40 plus the outcome would have been better.
For employees wherever you end up will be better than DXCs thieving Execs. You will have a chance of a raise.
@av am going to experiment buying shares when it falls and selling later. Doesn't look like average employees are subject yo blackout periods or insider trading.
@ak i see that news just came out, the price was going up a lil every week. Guess others knew what some of us don't:)
At this point, the only way we can expect extra money is if we buy DXC shares when hits low and sell it when such a news comes out😄...if we had bought may be 1000 shares in May when it was 8 and sold it now, could have made 6k which is 5-6% pay rise for someone in the 100-150k pay range.
I noticed Raul purchased 28k shares in May, he's technically not allowed to sell those shares till mid-nov and till this deal is made public. If the price stays steady and he sells, he'll make about 150k.
I think we all should start trading DXC stock to make up for lost pay raises😃
I think you could reasonably expect that to take a dive on results day (29th October)
That'll be the $2.4B selloff of its insurance business.
But don't hold any hope of a payrise though, it's destined for exec payrises and bonus's
Google better , or use reuters...
The market is belatedly recognising the great work done by our world class execs into turning DXC into an AI powerhouse.