Symantec Down Over 15% After CEO Resigns -- Data Talk

Symantec Corp. (SYMC) is currently at $18.75, down $3.42 or 15.43%

-- Would be lowest close since Jan. 3, 2019, when it closed at $18.58

-- On pace for largest percent decrease since May 11, 2018, when it fell 33.1%

-- Earlier Friday, Mizuho cut its price target on Symantec to $22.00/share from $25.00 share, Benzinga reported

-- On Thursday, Symantec announced Chief Executive Greg Clark resigned

-- On Thursday, the company also reported fourth-quarter revenue fell 2% to $1.19 billion, slightly lower than what analysts had forecast. Also, for its current fiscal year, the company guided revenue between $4.75 billion and $4.89 billion and earnings between 57 cents and 73 cents a share. Analysts had been predicting a profit of 56 cents a share on $4.97 billion in revenue for the year

-- Currently down eight of the past nine days

-- Currently down five consecutive days; down 20.38% over this period

-- Longest losing streak since Sept. 6, 2018, when it fell for five straight trading days

-- Worst five day stretch since the five days ending May 17, 2018, when it fell 23.51%

-- Down 45.11% from its all-time closing high of $34.16 on Sept. 19, 2017

-- Down 3.94% from 52 weeks ago (May 11, 2018), when it closed at $19.52

-- Down 23.38% from its 52-week closing high of $24.47 on April 17, 2019

-- Traded as low as $17.89; lowest intraday level since Dec. 27, 2018, when it hit $17.84

-- Down 19.31% at today's intraday low; largest intraday percent decrease since May 11, 2018, when it fell as much as 35.4%

-- Worst performer in the S&P 500 today

-- Third most active stock in the S&P 500 today

-- Worst performer in the Nasdaq 100 today

-- Third most active stock in the Nasdaq 100 today

All data as of 11:27:05 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

May 10, 2019 11:56 ET (15:56 GMT)

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