Market Chatter: DXC Technology Nears $2.4 Billion Insurance Unit Sale; Shares Rise

01:45 PM EDT, 10/19/2026 (MT Newswires) -- DXC Technology (DXC) shares rose more than 8% in Monday afternoon trading after Reuters reported that the company is in advanced talks to sell its insurance software and services division to Eldridge Industries for about $2.4 billion. Eldridge is discussing combining the business with Zinnia, its insurance technology platform that provides software and digital infrastructure to life insurers and annuity providers, according to the news outlet Monday. A deal could be reached in the coming weeks, although there is no certainty an agreement will be finalized, Reuters reported, citing people familiar with the matter. DXC and Eldridge did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) Price: 14.79, Change: +1.17, Percent Change: +8.55