LEADERSHIP EXIT
CBCBTKEEP AN EYE
Cabot's CEO Steps Down, Stock Slips
Cabot's chief executive told the board he's retiring as president and CEO and leaving the board entirely. The stock fell about 4% on the news. When we looked at past cases like this, we found 109 times this played out; on average the stock lagged the market by about 4% over the next three months, and it beat the market fewer than half the time.
What would change this — A fresh 8-K naming a strong permanent successor, or a change from insiders buying shares, would push us to rethink this cautious hold.
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Wall Street sits on the fence with mostly neutral ratings and one underweight, and Orin is holding too — but our caution comes from the shaky odds after a top-boss exit.Full analysis →