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Why Kohl's Stock Was Diving This Week
As investors geared up to trade stocks Friday morning, it seemed as if Kohl's (NYSE: KSS) stock might continue to be shunned. After all, in the preceding days, its price had tumbled by nearly 22% week to date, according to data compiled by S&P Global Market Intelligence.That wasn't overly surprising since the company announced the departure of a top executive, and an analyst published a critical research note on its business.Kohl's April Fool's Day disclosure was no joke. It divulged in a regulatory filing that its chief technology and digital officer, Siobhán McFeeney, was to depart the company the following day. In the tersely worded document, the retailer did not say who would assume McFeeney's duties, or whether it was actively and formally searching for a replacement. Continue reading
As investors geared up to trade stocks Friday morning, it seemed as if Kohl's (NYSE: KSS) stock might continue to be shunned. After all, in the preceding days, its price had tumbled by nearly 22% week to date, according to data compiled by S&P Global Market Intelligence.
That wasn't overly surprising since the company announced the departure of a top executive, and an analyst published a critical research note on its business.
Kohl's April Fool's Day disclosure was no joke. It divulged in a regulatory filing that its chief technology and digital officer, Siobhán McFeeney, was to depart the company the following day. In the tersely worded document, the retailer did not say who would assume McFeeney's duties, or whether it was actively and formally searching for a replacement.
