Right. Kyndryl. Let’s just say I had a feeling about this one. Not a good feeling, obviously. More of a…premonition of chaos. And Monday? Monday delivered. Down 54.94%? Honestly, it’s almost… artistic. A complete and utter demolition. The stock closed at $10.59, which, let’s be real, feels generous. Trading volume hit 59.3 million shares. 1,777% above average. That’s not a spike; that’s a panic. They IPO’d in 2021, you remember? A spin-off. Always a gamble. This one’s down 74% since then. I’m starting to suspect someone’s having a very bad day – several days, actually. And I’m not talking about me. Yet.
How the Markets Played Along
The rest of the market, bless their oblivious hearts, was doing its thing. S&P 500 up 0.45% to 6,963. Nasdaq Composite creeping up 0.90% to 23,239. Like watching someone happily skip through a minefield. IBM, predictably, dipped slightly (-0.87% to $296.34). DXC Technology took a bigger hit (-5.72% to $14.33). It’s always comforting to know misery loves company, isn’t it? Though, in this case, it’s less ‘company’ and more ‘a whole industry quietly weeping.’
Let’s Talk About What This Actually Means
Kyndryl’s Q3 earnings? A disaster, frankly. Revenue up a measly 3%. That’s not growth; that’s polite stagnation. But the real kicker? The delayed 10-Q. “Material weaknesses in internal controls.” Oh, that’s just lovely. It’s corporate-speak for “we have absolutely no idea what’s going on.” And of course, the CFO had to go. Always the CFO. It’s like they’re contractually obligated to be the fall guy. Now, several law firms are sniffing around, announcing securities-fraud investigations. Because, naturally. It’s like adding gasoline to an already raging fire.
Look, Kyndryl is deeply discounted now. It is. But clarity? There is none. Just a swirling vortex of accounting errors, leadership departures, and legal threats. And you know what? I’m staying away. I’m perfectly happy watching this particular train wreck from a safe distance. It’s…educational. And honestly? A little bit satisfying. Don’t judge me.
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2026-02-10 01:34