Alight, Inc. (ALIT) dropped 19.01 percent to $4.15 on Tuesday after reporting a sharp decline in second-quarter results. The company posted a net loss of $1.07 billion, compared to a $4 million loss a year ago, largely due to a $983 million non-cash goodwill impairment charge tied to its Health Solutions unit. Revenue fell 1.9 percent year-over-year to $528 million.
Shares opened at $5.00 and traded between $4.09 and $5.05. Volume surged to 14.2 million shares, doubling the stock's average daily volume on the New York Stock Exchange. Alight now trades near the bottom of its 52-week range of $4.09 to $8.93.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.