Comtech Telecommunications Corp. shares rise 1.49% intraday after appointing Lloyd A. Sprung to its board.

Comtech Telecommunications Corp. rose 1.49% intraday, with the company appointing Lloyd A. Sprung as an independent director. Mr. Sprung brings over three decades of corporate finance and capital markets experience, having held senior executive roles at leading investment banks including Evercore and UBS. He is currently the managing member of LAS Advisors, an independent financial and strategic advisory firm. The appointment is seen as a positive move for the company, potentially contributing to the stock's upward movement.