Why Fiserv Plunged Today
Shares of (NASDAQ: FISV) plunged on Monday, falling 11.3% as of 3:26 p.m. The decline was all the more notable since the broader markets were up in the wake of the past weekend's deal between the U.S. and Iran.
Fiserv announced that its CEO, Mike Lyons, had accepted another role as CEO of Truist Securities (NYSE: TFC) and would be leaving the company. The company also reiterated Fiserv's full-year guidance.
Lyons, who had only been on the job for about a year and a half, was the driving force behind Fiserv's turnaround plan. Therefore, investors took his leaving as a sign that things might not be going so well on that front. However, with an activist investor involved in Fiserv's story, things may be more complicated.
Source Fool.com
Fiserv Inc. Stock
€43.90
1.040%
With 11 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 76 € there is a hugely positive potential of 73.12% for Fiserv Inc. compared to the current price of 43.9 €.
