Why do new CEO announcements sometimes cause a stock rally?
stockexplore.substack.com
We saw this during the week with the likes of Adidas hiring Puma’s CEO Kasper Rorsted (Adidas is up 26% in the past five days alone) & earlier in the month with Starbucks (SBX) appointing Laxman Narasimhan as their new CEO after he left his CEO position at Reckitt. (SBX rallied on the news +6.9% the week following the announcement.)
Why do new CEO announcements sometimes cause a stock rally?
Why do new CEO announcements sometimes cause…
Why do new CEO announcements sometimes cause a stock rally?
We saw this during the week with the likes of Adidas hiring Puma’s CEO Kasper Rorsted (Adidas is up 26% in the past five days alone) & earlier in the month with Starbucks (SBX) appointing Laxman Narasimhan as their new CEO after he left his CEO position at Reckitt. (SBX rallied on the news +6.9% the week following the announcement.)