What happened to Agere Systems Inc stock?

The AGERE SYSTEMS INC stock price fell by -0.768% on the last day (Friday, 19th May 2023) from £52.05 to £51.65. During the last trading day the stock fluctuated 2.91% from a day low at £51.50 to a day high of £53.00. The price has risen in 5 of the last 10 days and is up by 3.2% over the past 2 weeks.

Is Agere Systems Inc stock a potential runner?

Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. The AGERE SYSTEMS INC stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average.

What happened to Agere stock after the IPO?

The distribution of Agere stock to Lucent shareholders occurred, after several delays, on June 1, 2002, 14 months after the IPO. While the process of separation dragged on, Agere contended with numerous difficulties. Following its IPO, Agere was saddled with $2.5 billion of bank debt, a burdensome inheritance from Lucent.