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Resideo Technologies, Inc. (NYSE:REZI) stock has experienced a notable downturn, touching a 52-week low of $16.86. According to InvestingPro data, the stock’s beta of 2.32 indicates higher volatility than the broader market, while trading at attractive valuations with a price-to-book ratio of 0.89. This latest price level reflects a significant retreat from more favorable positions in the past year, with the company’s shares witnessing a 1-year change decrease of -23.1%. Investors are closely monitoring Resideo’s performance, as the stock’s current position contrasts sharply with its previous momentum. Despite current challenges, InvestingPro analysis suggests the stock is undervalued, with net income expected to grow this year and strong five-year returns. For deeper insights into Resideo’s valuation and growth prospects, check out the comprehensive Pro Research Report, available exclusively on InvestingPro along with 8 additional key insights for this stock.
In other recent news, Resideo Technologies, Inc. has announced changes in its executive team, highlighting a shift in its financial leadership. Michael Carlet, currently serving as Executive Vice President and Chief Financial Officer, will now also assume the role of principal accounting officer. This change follows the departure of Tina Beskid, the former Senior Vice President and Chief Accounting Officer, who left the company effective March 14, 2025. Resideo has confirmed that Beskid’s departure qualifies her for severance benefits under the company’s Severance Plan for Designated Officers, though specific details of the plan were not disclosed. The company has not yet announced a successor for Beskid or any further changes to its executive team. These developments were disclosed in recent filings with the Securities and Exchange Commission. Resideo, incorporated in Delaware and operating in the wholesale hardware industry, continues to maintain its commitment to corporate governance through these transitions. Investors and stakeholders may closely monitor how Carlet’s expanded role will impact the company’s financial strategies and reporting.
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