Unisys Corporation
Company Name | Unisys Corporation |
Stock Symbol | UIS |
On October 22, 2024, the Securities and Exchange Commission announced that it had charged Unisys for “materially misleading statements . . . negligently made regarding cybersecurity risks and events, as well as Unisys’s violations of disclosure controls and procedures requirements,” and that the Company will pay a $4 million civil penalty.
On this news, Unisys’s stock price fell $1.17, or 17.1%, over two consecutive trading days, to close at $5.67 per share on October 23, 2024, thereby injuring investors.
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