Home Equities Score The Driving Force Behind 10% After-Hour Increase In Resideo Technologies (REZI) Stock

The Driving Force Behind 10% After-Hour Increase In Resideo Technologies (REZI) Stock

The provider of home comfort and security solutions worldwide, Resideo Technologies, Inc. (NYSE: REZI) surged by 9.86% in extended trading, bringing the stock to $28.75. The stock remained stood firm in the regular session gaining 1.37% to close the trading at $26.17.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

What caused the surge?


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


The company produces several products that are designed to improve comfort, energy efficiency, and control for customers around the world. Resideo, as a brand with more than 130 years of history, is now present in a total of 150 million homes, with more than 15 million systems installations every year. With over 110,000 professionals served by leading distributors, including Its ADI Global Distribution business, it continues to conduct business with the industry’s leading firms. Over 200 stocked locations spread around the globe provide ADI with distribution to more than 100 countries.

Read More

On Wednesday, William Blair analysts initiated the covering of the company’s stock assigning “Market Perform” ratings to it. There has not been any other directly linked news that could weigh on the surge but its recent developments could also gradually be driving the stock up.

The company participated in the 42nd Raymond James Conference for Institutional Investors, conducted virtually, this week.

A virtual Investor Day will also be held on March 11, 2021, at 10 a.m. Eastern Standard Time by the company. Senior members of Resideo will evaluate the company’s financial performance as well as discuss the company’s strategy. The presentations will be followed by a panel discussion.

Last month, the senior secured term loans A and B were refinanced by Resideo with the proceeds of a new commitment of $950 million through senior secured term loan B maturing in 2028. This new term loan B carries an interest rate of LIBOR + 225 basis points.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Additionally, the company expanded its financing resources by inking a new $500 million revolving credit facility for a five-year term. It matures in 2026 and has an interest rate initially set at LIBOR + 225 basis points on borrowings, but the company’s leverage ratio may cause it to be reduced.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Is The OPTT Stock Rising Today?

The shares of leading innovative and cost-effective ocean energy solutions provider Ocean Power Technologies Inc. (OPTT) have been trading up 3.54% in early trades...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

In Premarket Session, Why Is SEAC Stock Rising?

Shares of SeaChange International Inc. (NASDAQ: SEAC) are trading up 11.65% to $1.15 in premarket. SEAC stock gained 1.98% to end Wednesday trading session...

Here is why Qualtrics International Inc (XM) stock surged in the after-hours on Wednesday?

Qualtrics International Inc (XM) stock started the Wednesday, April 21, 2021, in a negative mode and lost 0.059% in normal trading session but in...

ZLAB Stock Is On An Upswing Today. Why?

Today's premarket session has seen shares of Zai Lab Limited (NASDAQ:ZLAB) up 6.12% at $160.00. Last trading session, Zai Lab plunged -8.15% to finish...

IHT Stock Has Been Growing During Premarket Session. What Has Driven That Upward Trend?

At the premarket today, shares of InnSuites Hospitality Trust (NYSE: IHT) rose 10.43% to $2.33. The InnSuites stock gained 3.43% last trading day to finish...

Is There Any Reason Why ACTC Stock Is Rising Before The Market Opens Today?

ArcLight Clean Transition Corp. (NASDAQ: ACTC) shares are trading up 7.12% at $17.90 in premarket trade this morning. ArcLight stock gained 15.64% during the...

BNGO Stock Is On An Upswing Today, Why?

The premarket trading price for Bionano Genomics Inc. (NASDAQ: BNGO) was up 5.75% at $6.25. A share of Bionano stock closed at $5.91 last...

Related News

What Raised The OCGN Stock Higher In After-Hours Session?

In after-market trading hours on Wednesday, Ocugen Inc. (NASDAQ: OCGN) increased 7.85% in value to $7.01. A price range of $5.83 to $6.76 created...

Why did Neubase Therapeutics Inc (NBSE) stock slide in after-hours on Wednesday?

Neubase Therapeutics Inc (NBSE) stock started the day with a 3.09% gain on Wednesday, April 21, 2021, but in the after-hours session, it dropped...

Here is why Teradata Corporation (TDC) stock rallied in the after-market on Wednesday, April 21?

Teradata Corporation (TDC) stock surged 32.90% in the extended trading hours on Wednesday, April 21, 2021. Earlier TDC gained 2.92% in the normal trading...

During After-Hours, What Drove GPM Stock Up More Than 9%?

The shares of Guggenheim Enhanced Equity Income Fund (NYSE: GPM) gained 9.69%, closing at $8.15, in aftermarket trading. In Tuesday's regular session, GPM closed...

Why Sierra Metals Inc (SMTS) stock went up in after-hours on Tuesday April 20?

Sierra Metals Inc (SMTS) stock gained 13.12% in the after-hours session on Tuesday, April 20, 2021, after losing -2.76% to close normal Tuesday's session...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.