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Synaptics Shares Plunge on CEO Departure, Reduced Guidance

M. Corey Goldman

Synaptics stock was down $20.3% to $34.57 in trading on the Nasdaq Stock Exchange. In a statement, the company said that its CEO, Richard Bergman, would be leaving the company effective immediately. Norman Chan, who was non-executive chairman, is now executive chairman and will help oversee Synaptics during the transition to a new CEO.