Invesco KBW Bank ETF (KBWB) Forms $56.19 Double Top; Dxc Technology Company (DXC) Shorts Down By 2.75%

Invesco KBW Bank ETF (KBWB) formed double top with $60.69 target or 8.00% above today’s $56.19 share price. Invesco KBW Bank ETF (KBWB) has $1.07B valuation. The ETF decreased 0.37% or $0.21 during the last trading session, reaching $56.19. About 671,031 shares traded or 13.13% up from the average. Invesco KBW Bank ETF (NASDAQ:KBWB) has risen 19.76% since June 14, 2017 and is uptrending. It has outperformed by 7.19% the S&P500.

Dxc Technology Company (NYSE:DXC) had a decrease of 2.75% in short interest. DXC’s SI was 5.75M shares in June as released by FINRA. Its down 2.75% from 5.92M shares previously. With 2.23 million avg volume, 3 days are for Dxc Technology Company (NYSE:DXC)’s short sellers to cover DXC’s short positions. The SI to Dxc Technology Company’s float is 2.02%. The stock decreased 0.25% or $0.21 during the last trading session, reaching $84.48. About 2.79M shares traded or 24.77% up from the average. DXC Technology Company (NYSE:DXC) has risen 19.80% since June 14, 2017 and is uptrending. It has outperformed by 7.23% the S&P500. Some Historical DXC News: ; 24/05/2018 – DXC Technology 4Q Net $560M; 17/05/2018 – DXC TECHNOLOGY – PROCEEDS WERE USED TO REPAY AMOUNTS OUTSTANDING UNDER THAT CERTAIN TERM LOAN CREDIT AGREEMENT DATED AS OF SEPT 14, 2017 – SEC FILING; 08/03/2018 – PERSPECTA TO BE NAME FOR COMBINED DXC USPS, VENCORE, KEYPOINT; 24/05/2018 – DXC Technology 4Q Adj EPS $2.28; 07/03/2018 – DXC Technology Announces DXC Applications Security on Demand for Automated Applications Security Testing as a Service; 09/03/2018 – Hewlett Packard Enterprise: DXC Request Asserts HPE Required to Indemnify DXC for Certain ES Business Lease Obligations; 24/05/2018 – DXC TECHNOLOGY 4Q ADJ EPS $2.28, EST. $2.14; 24/05/2018 – DXC Technology 4Q EPS $1.93; 22/03/2018 – S&PGR Withdraws ‘A-2’ Rtg On DXC Technology Co.’s CP Program; 15/03/2018 – ELANOR INVESTORS GROUP – TO ACQUIRE CAMPUS DXC IN ADELAIDE FOR $35 MLN

Among 10 analysts covering DXC Technology (NYSE:DXC), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. DXC Technology had 10 analyst reports since April 4, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, April 11 by Citigroup. The firm earned “Overweight” rating on Friday, May 26 by Piper Jaffray. The firm earned “Overweight” rating on Thursday, April 6 by Morgan Stanley. The stock of DXC Technology Company (NYSE:DXC) earned “Outperform” rating by Evercore on Tuesday, October 17. JP Morgan initiated the shares of DXC in report on Wednesday, April 19 with “Overweight” rating. The firm earned “Hold” rating on Monday, May 29 by Cantor Fitzgerald. Barclays Capital initiated DXC Technology Company (NYSE:DXC) rating on Thursday, May 25. Barclays Capital has “Overweight” rating and $90 target. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, May 30. RBC Capital Markets initiated DXC Technology Company (NYSE:DXC) on Tuesday, April 4 with “Outperform” rating. The stock of DXC Technology Company (NYSE:DXC) earned “Overweight” rating by KeyBanc Capital Markets on Friday, July 21.

More notable recent DXC Technology Company (NYSE:DXC) news were published by: Seekingalpha.com which released: “Perspecta: Attractive Spin-Off/Special Situation” on June 12, 2018, also Seekingalpha.com with their article: “DXC Technology Is Cheap” published on June 05, 2018, Seekingalpha.com published: “DXC Technology Spinoff Causes Market Fumble On Share Price” on May 31, 2018. More interesting news about DXC Technology Company (NYSE:DXC) were released by: Prnewswire.com and their article: “Perspecta Completes Separation from DXC Technology, Begins Trading Today on the NYSE” published on June 01, 2018 as well as Seekingalpha.com‘s news article titled: “DXC Technology 2018 Q4 – Results – Earnings Call Slides” with publication date: May 25, 2018.

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. The company has market cap of $24.06 billion. It operates through three divisions: Global Business Services , Global Infrastructure Services (GIS), and United States Public Sector (USPS). It has a 20.24 P/E ratio. The GBS segment offers technology solutions comprising consulting, applications services, and software.

DXC Technology Company (NYSE:DXC) Ratings Chart