From the archive. This pick came before our first emailed issue. We wrote it on Nov 3, 2026 from sources published around that day, with the same checks as every issue. It isn't part of the track record.
The pick
Innodata (INOD) had the biggest jump in trading volume compared with its usual level. Volume was 6.7x its 30-day average, and the stock fell 25.32%.
What happened
We didn't find a company filing or press release in our search that explains the move.
What news reports said
Investing.com reported that Innodata shares fell on Tuesday following reports that the AI services company laid off nearly 550 employees in India [Yahoo Finance]. Seeking Alpha reported that the stock was down in premarket trading after the same reports, with additional job cuts reported in the Philippines [Seeking Alpha].
Yahoo Finance reported that the termination notices reportedly pointed to a "ramp-down of the business assignment." It said this raises the question of whether customer work is shrinking. [Yahoo Finance]
The Motley Fool reported that the layoffs spooked investors who fear Innodata just lost a major AI client. That is the outlet's description, and the sources we found don't confirm that a client was lost. [The Motley Fool]
The numbers
- Previous close: $59.91
- Close: $44.74
- Change: -25.32%
- Volume: 9,684,498
- 30-day average volume: 1,447,214
- Volume multiple: 6.7x
- Behind the move: news reports
More coverage
- Why Is Innodata Stock Sinking Tuesday? (Benzinga)
- 5 Construction Stocks That May Surprise This Earnings Season (Yahoo Finance)