By Ben Glickman
Shares of NCR’s ATM-focused spinoff NCR Atleos were up on Tuesday, as shares of the digital-payments company fell.
NCR Atleos rose 7.3% to $22.47, and NCR Voyix, the renamed remaining business, fell 4.8% to $15.82.
Shares of NCR were down 32% this year before the split.
NCR said it would spinoff its ATM business over a year ago, but officially completed the transaction after the close on Monday.
NCR Atleos was separated through a distribution of stock to NCR shareholders. Each stockholder received one share of Atleos per two shares of NCR held as of Oct. 2.
Atleos is being led by former NCR finance chief Tim Oliver, while Voyix is helmed by David Wilkinson, former president of the company’s commerce business.
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