Resideo Technologies, Inc.
Company Name | Resideo Technologies, Inc. |
Stock Symbol | REZI |
Class Period | October 10, 2018 to October 22, 2019 |
Lead Plaintiff Motion Deadline | January 07, 2020 |
On October 22, 2019, after the market closed, Resideo lowered its fiscal 2019 revenue guidance by $80 million and disclosed that it would be doing a full financial and operational review of the business. The same day, Resideo announced that its Chief Financial Officer, Joseph D. Ragan III, would be leaving the Company on November 6, 2019.
On this news, Resideo's stock price fell $5.73 per share, or over 37%, to close at $9.50 per share on October 23, 2019, thereby injuring investors.
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