Over 1 Year Ago
1 Min Read

NCR is down -23%, splitting into two businesses

Shares of NCR Corp (NCR) are trading -23% lower at a price of $22.355 at the time of this writing. So far the Information Technology sector has been having a gloomy day, and the share price of the company is floundering behind it's peers.

-The company plans to split into two publicly traded businesses: one focusing on digital commerce and the other oriented around ATMs
-This announcement signals that management wasn't able to proceed with a sale of the company

NCR Corp has been trading between a 52-week high of $45.92 and a 52-week low of $21.94. The stock has a market cap of $3.06 Billion.

NCR Corporation is a leading software- and services-led enterprise provider in the financial, retail and hospitality industries. NCR is headquartered in Atlanta, Ga., with 36,000 employees globally. NCR is a trademark of NCR Corporation in the United States and other countries.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Rich265 - 1 upvotes - source
NCR committing sewey cider this morning.