Resideo Technologies, Inc. Common Stock (REZI)
Resideo Technologies, Inc. is a provider of home comfort and security solutions, offering smart thermostats, security systems, and connected home products. The company focuses on delivering innovative technology to enhance safety, comfort, and energy efficiency in residential environments. Formed in 2018 as a spinoff from Honeywell, Resideo caters to both consumers and professional installers through a broad portfolio of connected devices and services.
Company News
Honeywell's stock has been stuck in neutral, trading at a valuation similar to 2020 levels. The company plans to split into three independent companies, which could unlock the potential of its individual businesses and improve investor focus.
The IoT Breakthrough Awards program recognized the top companies and products driving innovation in the Internet-of-Things industry, including advancements in connected homes, industrial IoT, and smart city technologies.
ADT (ADT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Resideo Technologies Inc‘s (NYSE:REZI) recent acquisition of Snap One Holdings Corp (NASDAQ:SNPO) has sparked investor interest. On Monday, Snap One announced it will be acquired by Resideo Technologies for $1.4 billion in cash. We covered the news first here: Why Is Snap One Stock Jumping Premarket Monday? Analyst Cory A. Carpenter from JPMorg...
