Forgent Power Solutions shares plunge over 23% following CFO resignation announcement
FPS Forgent Power Solutions Inc
$24.22 -2.81%
View chart & analysis → - 1Forgent Power Solutions Inc. shares plummeted more than 23% on Thursday, hitting a record low.
- 2CFO Ryan Fidler has stepped down, and Amy Adgar has been appointed as his successor.
- 3FPS recorded a 94% year-over-year increase in fourth-quarter revenue.
So what's the key point?
The person in charge of managing money at Forgent Power Solutions has stepped down. Following this news, the stock price moved significantly by more than 23%.
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