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Why Shares of Resideo Technologies Are Falling Today

TheMotleyFool

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Why Shares of Resideo Technologies Are Falling Today

Shares of Resideo Technologies (NYSE: REZI) fell 16% on Monday morning after Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) made an aggressive move to expand in one of Resideo's top business lines. That's a tough company to compete with, and investors are understandably concerned.