Why Logitech International Stock Climbed Higher This Week
Week to date, shares of Logitech International (NASDAQ: LOGI) were up 12% as of 10:58 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
The computer equipment brand reported improving sales trends in its latest business update. While sales fell 8% year over year in the fiscal second quarter ending in September, sales were up almost 9% over the previous quarter.
Logitech also said it is moving closer to finding a permanent replacement for former CEO Bracken Darrel, who left the company earlier this year to take the position at VF Corp.
Source Fool.com
