Fiserv Shares Fall 7% Following CEO Transition Announcement

(RTTNews) - Fiserv, Inc. (FISV) shares declined 7.14 percent, losing $3.84 to $49.94 on Monday after the payments and financial technology company announced a leadership change.

The stock is currently trading at $49.94, compared with its previous close of $53.78 on the Nasdaq. During the session, shares opened at $49.31 and traded between $48.44 and $50.65. Trading volume reached 7.48 million shares, above its average daily volume of 6.41 million shares.

Takis Georgakopoulos was appointed Chief Executive Officer and a member of the Board of Directors, effective immediately, succeeding Mike Lyons, who stepped down to become Chief Executive Officer of Truist Financial Corporation.

Fiserv shares have traded between $48.44 and $177.36 over the past 52 weeks.