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Why Poly Stock Dropped 20% Friday

TheMotleyFool

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Call it Plantronics or call it Poly (NYSE: PLT) -- whatever you want to call it, this company just disappointed investors in a big way, and its stock is down 20.5% as of 10:20 a.m. EDT Friday.

Last night, Poly, formerly Plantronics and Polycom, announced it will officially change its ticker symbol to "POLY" on the New York Stock Exchange, after 17 years trading under the ticker symbol "PLT." That's not why investors are selling the stock today, however.

Image source: Getty Images.

Source Fool.com

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