Sowell shares rise 12.73% intraday after naming Daryl Seaton CEO and strategic growth focus.

Sowell surged 12.73% intraday following the announcement of a leadership transition naming Daryl Seaton as CEO, with founder Bill Sowell shifting to Chief Strategy Officer. The move, described as a "long-planned executive leadership transition," emphasizes strategic growth through inorganic initiatives like mergers and acquisitions. Bill Sowell highlighted his focus on "long-term strategic and inorganic growth," while Seaton, with over 25 years in financial services, underscored the firm's commitment to innovation and scale. The news aligns with Sowell Management's recent expansions, including technology solutions and wealth management services, reinforcing investor confidence in its growth trajectory.