Why Alight Stock Withered This Week

Workplace solutions company Alight (NYSE: ALIT) wasn't working well for its investors in the holiday-shortened trading week.The company formally announced a major financial engineering move, and while that was expected, market players clearly weren't encouraged. Collectively, they reduced the stock's price by almost 12% over the period, according to data compiled by S&P Global Market Intelligence.On Thursday morning, Alight announced that it was enacting a 1-for-20 reverse stock split of its class A common stock, a move ratified in a shareholder vote earlier this month. The company said the split should become effective after market close on Tuesday, June 30. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool