Unisys Corporation (UIS)
After hours:
- Motley Fool
Why Shares of Unisys, Organogenesis, and Motorcar Parts of America Fell Today
Shares of Unisys (NYSE: UIS), Organogenesis Holdings (NASDAQ: ORGO), and Motorcar Parts of America (NASDAQ: MPAA) fell today as all three stocks were removed from the S&P SmallCap 600 index as part of its quarterly rebalancing. Unisys closed the day down 14.1%, Organogenesis lost 18.5%, and Motorcar Parts of America gave up 12.2%. There are several reasons stocks fall when they're removed from a major index like the S&P SmallCap 600.
- Reuters
Unisys, Bed Bath & Beyond slide after removal from small-cap index
Shares of IT services firm Unisys Corp tumbled 16.7% on Monday and shares of embattled home goods retailer Bed Bath & Beyond Inc fell about 4% after it was announced they will be removed from the small-cap S&P 600 index in two weeks. S&P Dow Jones Indices, a unit of S&P Global Inc, made the announcement after markets closed on Friday to coincide with the quarterly rebalancing of its indexes, including the large-cap S&P 500 and mid-cap S&P 400. As of Friday, the company's market capitalization was $330.9 million, according to Refinitiv data, or less than the $850 million market cap required for inclusion in the small-cap index.
- Simply Wall St.
Unisys Full Year 2022 Earnings: Beats Expectations
Unisys ( NYSE:UIS ) Full Year 2022 Results Key Financial Results Revenue: US$1.98b (down 3.6% from FY 2021). Net loss...
