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GEGEHCWORTH A LOOK
Finance Chief Departure Shakes GE HealthCare
GE HealthCare's finance chief, Jay Saccaro, is leaving for a job outside the medical technology world. When a top executive walks out like this, history has been shaky: we found 109 similar cases, and on average the stock lagged the market by about 4% over the next three months, winning less than half the time. Even so, we lean positive on this one and see the dip as a chance rather than a warning.
What would change this — A fresh 8-K naming a weak replacement or a downbeat 10-Q that trims profit guidance would flip our positive read.
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Wall Street is mostly on the fence with a mix of neutral and one positive rating, while Orin leans toward buying.Full analysis →