🔴 Forgent Power Solutions is trading 4.1% down with no new company-specific catalyst identified

Forgent Power Solutions is trading 4.1% lower at $24.77, with no new company-specific announcement identified to explain the November 2 decline.

• The company’s latest major update said fiscal first-quarter revenue and adjusted EBITDA are expected to exceed prior guidance; results are due November 12.
• Shares fell 8.96% on October 30 amid reports that the CFO transition unsettled investors. Major U.S. indexes are higher on November 2, so broad-market weakness does not explain the drop.