Innodata is trading 10.24% higher at $49.32, recovering part of its sharp October 27 decline; no clear catalyst for the rebound has been verified.
- Reports that the company cut nearly 550 jobs in India, with additional cuts reported in the Philippines, were linked to the prior-session selloff; the company had not publicly confirmed the reported cuts.
- Broader markets were mixed, and available evidence does not establish a market-wide reason for the October 28 rebound.