Alight (ALIT) Soars 14.0%: Is Further Upside Left in the Stock?
Alight(ALIT) Zacks Investment Research·2024-03-22 15:46
Alight, Inc. (ALIT) shares soared 14% in the last trading session to close at $10.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.7% loss over the past four weeks.The upswing can be attributed to ALIT's announcement that it has signed a definitive agreement to divest its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment to an affiliate of H.I.G. Capital for up t ...