LEADERSHIP EXIT
SYSYNAKEEP AN EYE
Chip Maker's Finance Chief Walks Out Abruptly
Synaptics said its finance chief resigned effective immediately to chase a new opportunity, and the stock slipped about 4% on the news. A sudden exit at the top of the money desk is the kind of thing we watch closely.
What would change this — A fresh 8-K naming a permanent replacement, or the next quarterly report showing no cracks in the numbers, would ease our concern; a burst of insider selling would deepen it.
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The 8-K filing →
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Wall Street is split with a mix of buy, hold and neutral calls, while Orin is holding and watching closely.Full analysis →