Shares of Resideo Technologies, Inc. (REZI) are climbing about 8 percent on Friday morning, likely due to the company's announcement yesterday about its plan to move ahead with the planned spin-off of its ADI Global Distribution business.
The company's shares are currently trading at $32.69 on the New York Stock Exchange, up 8.03 percent. The stock opened at $30.60 and has climbed as high as $32.59 so far in today's session. Over the past year, it has traded in a range of $20.41 to $45.29.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.