Forgent Power Solutions is trading at $32.52, down 10.08%, alongside a broad sell-off after September CPI came in hotter than expected, lifting rate-hike concerns and pressuring equities.
- No company-specific announcement surfaced to explain the October 14 decline.
- Reuters reported stock futures turned negative after the inflation data; the Nasdaq was down 1.95% and the S&P 500 down 1.28% during the session.
- Intraday volume information was not provided.