DXC Technology stock plunges 21.48% and underperforms competitors
Updated
Updated · MarketWatch · May 8
DXC Technology stock plunges 21.48% and underperforms competitors
10 articles · Updated · MarketWatch · May 8
Shares closed at $9.43 on Friday as the S&P 500 rose 0.84% and the Dow Jones Industrial Average edged up 0.02%.
Trading volume surged to 16.6 million shares, far above its 50-day average of 3.0 million, while Accenture rose 0.13%, Verisk fell 1.61% and CDW dropped 4.91%.
The stock finished 45.37% below its 52-week high of $17.26 and extended losses after DXC's fiscal 2027 and first-quarter outlook missed Wall Street expectations.
In a booming AI and cloud market, what makes a tech services giant like DXC stumble while its rivals thrive?
Can DXC's promising AI initiatives transform the company before its legacy business contracts drag it down completely?