Watch List Stock News: Plantronics (NYSE:PLT)

Plantronics (NYSE:PLT) stock identified change of 7.09% away from 52-week low price and recently located move of -71.16% off 52-week high price. It has market worth of $619.82M and dividend yield of 3.86%. PLT stock has been recorded -42.40% away from 50 day moving average and -54.90% away from 200 day moving average. Moving closer, we can see that shares have been trading -45.34% off 20-day moving average.

On Feb.10, 2020, Plantronics (NYSE:PLT) a global communications company that powers meaningful human connection and collaboration, reported that Robert Hagerty, Chairman of the Poly Board of Directors, has been appointed Interim Chief Executive Officer, effective immediately. This appointment follows Joe Burton’s decision to step down as President and Chief Executive Officer, by mutual agreement with the Board. Mr. Burton will work closely with Mr. Hagerty to ensure an orderly transition of responsibilities. Mr. Hagerty will continue in his role as Chairman and Marv Tseu, Vice Chairman of the Board, will serve as the Company’s lead independent director while Mr. Hagerty serves in the interim role.

On behalf of the Board, the Company’s Nominating and Corporate Governance Committee is leading a comprehensive search process to identify and select its next Chief Executive Officer.

Mr. Hagerty stated, On behalf of the entire Poly Board, I’d like to thank Joe for his many contributions to Poly’s success. Joe has been a strong advocate for the Company’s strategy and had the vision to create a comprehensive unified communications solutions provider across all headset, phone and video end points. He orchestrated and executed the Plantronics and Polycom merger, creating a leading global company with a substantial footprint, relentless focus on innovation and refreshed product portfolio. While the Board remains committed to this strategy and vision, ultimately, Joe and the Board mutually agreed that now is the right time to identify a new CEO to accelerate the execution of our vision and growth strategy.

The Technology sector company, Plantronics noticed change of 3.39% to $15.55 along volume of 1870882 shares in recent session compared to an average volume of 957.53K shares. The stock observed return of -43.39% in 5 days trading activity. The stock was at -48.93% over one month performance. PLT’s shares are at -37.25% for the quarter and driving a -64.75% return over the course of the past year and is now at -43.12% since this point in 2018.

The average volatility for the week at 9.97% and for month was at 5.47%. There are 39.86M shares outstanding and 33.07M shares are floated in market. Right now the stock beta is 1.12.

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