Kohl's Corp (KSS) saw its stock price drop sharply by 5.06% during the intraday session on Monday, as investors reacted to the company's recent CEO change.
The retailer named retail veteran Michael Bender as its permanent CEO in November, replacing Ashley Buchanan, who was fired due to a personal relationship with a vendor. Such leadership changes, especially under controversial circumstances, often unsettle investors and can lead to significant stock price fluctuations.
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