logo
Plus   Neg
Share
Email
Comment

Syntel Posting Steep Loss After Downgrade By Wells Fargo

Shares of Syntel (SYNT) have shown a significant move to the downside during trading on Friday, tumbling by 6.8 percent. With the drop, Syntel has fallen to its lowest intraday level in two months.

The decline by Syntel comes after Wells Fargo downgraded its rating on the integrated technology and business services provider to Underperform from Market Perform.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Amazon.com Inc. (AMZN) said Thursday that it has chosen the 20 metropolitan areas to move to the next phase of the selection process for the company's second headquarters. The company plans to invest over $5 billion and grow the second headquarters to accommodate as many as 50,000 high-paying jobs. Morgan Stanley (MS) reported net income applicable to company of $686 million, or $0.29 per share for the fourth quarter ended December 31, 2017. The results for the current quarter included a net discrete tax provision of $990 million or a loss of $0.55 per share. Excluding net discrete tax items, net... Cannae Holdings, Inc. said Wednesday that its portfolio company, Ceridian HCM Holding Inc., has confidentially filed for an initial public offering. Ceridian HCM, a provider of human resources software and services, filed a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission relating to the proposed IPO of its common stock.
comments powered by Disqus
Follow RTT