Zebra Technologies Corp Stock Price Declines
Zebra Technologies Corp, a provider of electronic products, has experienced a decline in its stock price over the past few days. The company’s shares have decreased in value, with the current price lower than the previous day’s close.
Reasons for the Decline
The decline in Zebra Technologies Corp’s stock price is attributed to a combination of factors, including:
- A recent acquisition of Elo Touch Solutions, a touchscreen provider, for $1.3 billion
- The acquisition’s impact on market sentiment
Acquisition Details
The acquisition of Elo Touch Solutions is expected to enhance Zebra’s self-service use cases and complement its recently launched kiosk solution.
Market Reaction
Despite the acquisition, the company’s stock price has fallen, indicating a cautious market sentiment.