Why Is TERADATA CORP DEL (TDC) Stock Down Today?

TDC stock closed down 7.45% at $31.43 on June 10 according to the latest data. The decline followed the launch of new single-stock ETFs by GraniteShares and a series of analyst updates that included lowered price targets. The stock opened with a 2.8% gap down and traded in a sharply declining pattern throughout the session.

What Happened

GraniteShares introduced 2x long ETFs on Teradata, NetApp, and Bitdeer, as reported by Business Insider. While the launch may have attracted new retail and institutional attention, the stock's immediate reaction was negative. The ETFs are structured to amplify the daily performance of the underlying stocks and may influence short-term volatility.

Analyst activity has been mixed in recent days. Benzinga reported that Citizens reiterated a Market Outperform rating with a $49 price target. UBS cut its price target to $34 from a prior level while maintaining a Neutral stance. Barclays lowered its price target to $28 and kept an Underweight rating. Teradata also issued Q2 guidance, projecting GAAP EPS of $0.22 to $0.26 and adjusted EPS of $0.53 to $0.57, both below the consensus estimates. Revenue guidance of $391.680 million to $399.840 million also fell short of the $404.781 million estimate.

What The Data Shows

TDC opened at $33.01, a 2.8% gap down from the previous close of $33.96. The stock hit an intraday high of $33.45 at 9:30 AM ET and a low of $30.78 by 9:45 AM ET before settling at $31.43. Volume was 0.7 million shares, or 0.3 times the 3-month average. The stock has a 52-week range of $19.83 to $41.78 and a P/E ratio of 7.8. Recent insider transactions include four sales totaling $1.9 million in the last 90 days.

What To Watch

TDC’s performance will depend on how investors react to the new ETFs and analyst revisions. The stock is currently trading near the lower end of its 52-week range. Retail sentiment remains mixed, with AI sentiment at 56 out of 100. No earnings report is scheduled in the near term, but continued guidance and analyst activity will be key to watch.