logo
  

Haemonetics Corp. (HAE) Fell To A New Low After CEO Resigned

Haemonetics Corp. (HAE) announced after the bell Tuesday that Brian Concannon has resigned as President and Chief Executive Officer and as a Director of the company, effective immediately. Ronald Gelbman has been appointed as Interim CEO.

Haemonetics gapped open lower Wednesday and declined until mid-morning. The stock regained some ground in the afternoon, but closed down by 1.18 at $32.32 on the highest volume of the year. Haemonetics has been declining for the past 3 weeks and fell to a new low for the year.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.

First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

View More Videos
Follow RTT