Leidos Trading Volume Surges to $214 Million Ranking 402nd Despite Stock Price Decline

On March 28, 2025, Leidos Holdings (LDOS) experienced a significant trading volume of $214 million, marking a 56.55% increase from the previous day. This surge placed Leidos at the 402nd position in terms of trading volume for the day. However, the stock price of Leidos has been on a downward trend, falling by 1.19% over the past two days, resulting in a cumulative decline of 1.67%.

The recent decline in Leidos' stock price can be attributed to the U.S. Department of Defense's decision to terminate a contract involving Oracle Corp. software, which was intended to manage the Pentagon's civilian workforce. This cancellation was due to significant delays and budget overruns, impacting both Oracle and Leidos. Defense Secretary Pete Hegseth cited these issues as key reasons for the termination of the project, which had been plagued by cost overruns and delays.

The termination of the contract has raised concerns about the potential loss of defense contracts for both Oracle and Leidos. The U.S. Department of Defense's decision to cancel the $280 million over-budget HR software project has led to a drop in the stock prices of both companies. This development highlights the risks associated with large-scale government contracts and the potential impact on the financial performance of companies involved in such projects.