Resideo Technologies (REZI) Surges 16.2%: Is This an Indication of Further Gains?
Resideo Technologies (REZI) shares ended the last trading session 16.2% higher at $28.52. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 6% gain over the past four weeks.Shares of Resideo surged following its announcement to spin off the ADI Global Distribution business into a standalone public company by the second half of 2026. Also, Resideo signed a definitive agreement to eliminate future indemnity payments to ...