Forgent Power Solutions Shares Plunge More Than 23% to Record Low
Forgent Power Solutions shares fell more than 23% Thursday, reaching a record low and dropping below the IPO price after the company announced CFO Ryan Fiedler would step down.
Forgent Power Solutions Inc. (FPS) stock plunged more than 23% on Thursday, hitting a record low and falling below its initial public offering (IPO) price after the company announced that Chief Financial Officer Ryan Fiedler would step down.The electrical distribution equipment manufacturer said Fi…