DXC Technology Co. Stock Falls Tuesday, Underperforms Market

CTS Corp

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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend

Company profile

CTS Corporation is a global manufacturer of sensors, connectivity components, and actuators. The Company designs, manufactures, and sells a line of sensors, connectivity components, and actuators primarily to original equipment manufacturers (OEMs) and supplies for the aerospace and defense, industrial, information technology, medical, telecommunications, and transportation markets. It operates manufacturing facilities located throughout North America, Asia and Europe and serves various markets globally. The Company’s products consist principally of sensors and actuators used in passenger or commercial vehicles, connectivity components used in telecommunications infrastructure, information technology and other high-speed applications, switches, temperature sensors, and potentiometers supplied to multiple markets, and fabricated piezoelectric materials and substrates used primarily in medical, industrial, aerospace and defense, and information technology markets.

DXC Technology Co. Stock Falls Tuesday, Underperforms Market

4:49 pm ET June 28, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of DXC Technology Co. DXC slipped 3.13% to $31.31 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA falling 1.56% to 30,946.99. The stock's fall snapped a two-day winning streak. DXC Technology Co. closed $12.87 short of its 52-week high ($44.18), which the company achieved on August 3rd.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Microsoft Corp. MSFT fell 3.17% to $256.48, Accenture PLC Cl A ACN fell 3.01% to $283.80, and International Business Machines Corp. IBM fell 0.66% to $141.86. Trading volume (917,538) remained 1.2 million below its 50-day average volume of 2.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 28, 2022.

(END) Dow Jones Newswires

June 28, 2022 16:49 ET (20:49 GMT)