DXC Technology Stock Jumps After Report of Possible Bid from Apollo, Kyndryl
DXC Technology(DXC) Investopedia·2024-06-11 20:31
DXC shares moved higher ahead of the opening bell on Tuesday following a report that Apollo Global and Kyndryl Holdings are considering making a joint bid for the company. The duo have reportedly discussed a bid price of between $22 and $25 per share, implying a 27% premium to Monday's $18.45 closing price, assuming a $23.5 midpoint bid price. Monitor the $22 level, an area on the chart where the DXC Technology price many run into overhead resistance from a descending channel's upper trendline. A person fam ...