Alight slips on big block trade

Alight

15/12/2023 14:28

** Shares of human resources benefits platform Alight Inc
 ALIT.N  down 2.5% at $8.25 premarket on reports of block trade
    ** BofA re-offering ~15 mln shares to be sold by Blackstone
 BX.N , per market sources
    ** PE giant Blackstone owns ~23.9 mln shares, or ~4.8% stake
in ALIT, LSEG data shows
    ** ALIT shares have risen ~14% over the past month and are
up 1% YTD through Thurs close
    ** All 9 analysts covering ALIT are bullish, including 3
"strong buy" ratings, per LSEG
    ** Median PT of $12 unchanged from a month ago

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))