Betting big on a new boss is not necessarily a mug’s game

Quick Summary:

Investors — not averse to the narrative of the all-powerful executive — have been known to froth up a stock on changes at the top.

International Paper rose 11 per cent on Andrew Silvernail’s appointment in March.

Molina’s three-year return (after the initial bump) was a staggering 178 per cent.

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Article Details

Category: MarketsFinanceInvesting

Markets: United States

Topics: Companies Company’s Share Stock Change Financial Market Cent Executive Value Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-08 @ 04:00:09 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22402486

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 6 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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