Why Coherent Stock Exploded 20% Higher on Monday
COHRerent (COHR) The Motley Fool·2024-06-04 00:45

Coherent investors are betting big that a big-name CEO can help to drive growth. Laser maker Coherent (COHR 16.79%) saw its stock run up 19.5% through 11:45 a.m. ET Monday after the company announced it has poached Jim Anderson, CEO of Lattice Semiconductor, to become its own new CEO. Conversely, Lattice shares are down 15% on the news. Lattice announced simultaneously that it has elevated Chief Marketing Officer Esam Elashmawi to become its interim CEO as it begins its search for a permanent replacement. W ...