Wednesday 29 July

Sonos Finance Chief Plans to Retire

Sonos said its finance chief intends to retire, a leadership change that often unsettles investors. When we looked at 109 similar exits, the stock lagged the market by about 4% over the next three months, and it beat the market less than half the time. The shares actually rose about 4% on the news, but we're staying cautious.

What would change this — A fresh 8-K naming a permanent replacement, or a new quarterly report showing steady numbers, would make us more comfortable.