Francesca's Holdings Corp. (FRAN) announced Friday morning that Michael W. Barnes has been named Chairman, President, and Chief Executive Officer, effective immediately. He succeeds Neill Davis, who has resigned as President, CEO and a Director.
Francesca's Holdings gapped up sharply Friday and spiked higher in early trade. Shares rose further around midday and finished with a gain of 3.53 at $15.09 on the highest volume of the year. The stock surged to a 5-month high and re-crossed both its 50 and 200-day moving averages.
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