News Spotlight: Resideo Technologies (NYSE:REZI)

Resideo Technologies (NYSE:REZI) stock observed trading -78.70% off 52-week high price. On the other end, the stock has been noted 33.07% away from low price over the last 52-weeks. The stock disclosed a move of -48.44% away from 50 day moving average and -62.42% away from 200 day moving average. Moving closer, we can see that shares have been trading -38.61% off 20-day moving average. It has market cap of $627.74M .

On March 19,2020, Resideo Technologies (NYSE:REZI) a leading global provider of home comfort and security solutions, reported the appointment of Cynthia Hostetler as a new member of its Board of Directors.

Hostetler has more than 20 years of leadership experience managing large investment funds, allocating capital for businesses – including restructuring and mergers and acquisitions transactions – and overseeing governance and regulatory compliance.

Previously, Hostetler served as president and board member of First Manhattan Bancorporation, a regional bank holding company based in Kansas, where she led a three-year turnaround to rebuild the business, and ultimately, sold it in an all-cash transaction at a significant premium to the market. After spending several years at First Manhattan, Hostetler was appointed to be the head of investment funds and private equity for the Overseas Private Investment Corporation (now the U.S. International Development Finance Corporation). Hostetler served in this role as a presidential appointee from 2001-2009.

 

The stock was observed in the 5 days activity at -24.30%. The one month performance of stock was -49.95%. REZI’s shares are at -58.86% for the quarter and driving a -74.93% return over the course of the past year and is now at -57.17% since this point in 2018. The average volatility for the week and month was at 22.02% and 11.59% respectively. There are 122.85M shares outstanding and 122.56M shares are floated in market.

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