Why NCR Shares Are Trading Higher Today

NCR Corp NCR is amid exclusive talks for sale to private-equity firm Veritas Capital, the Wall Street Journal reports. NCR has a market value of $4 billion.
Lately, Kohl's Corp KSS and Walgreens Boots Alliance, Inc WBA ended strategic reviews without striking deals citing challenges in the financing market.
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NCR clocked 21% revenue growth to $1.86 billion in Q1, missing its guidance of $1.9 billion - $1.95 billion. NCR downsized its full-year guidance to $8 billion in revenue, citing Q1 shortfall and expected net residual impact across the remainder of the year.
In February, NCR, formerly known as the National Cash Register Co. and once part of AT&T Inc T, launched a strategic review process.
Price Action: NCR shares traded higher by 9.45% at $31.85 in the premarket on the last check Tuesday.