Why Shares Of Synchronoss Technologies Rebounded Today

Shares of Synchronoss Technologies (NASDAQ: SNCR) surged on Friday, undoing a portion of Thursday's dramatic decline. The abrupt departure of the CEO and CFO after only a short time on the job, coupled with preliminary results that were well below expectations, led investors to pummel the stock. Shares were up 20% on Friday at 3:30 p.m.

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