Sowell shares rise 21.44% intraday after CEO transition and strategic growth focus under new leadership.

Sowell Management surged 21.44% intraday following the announcement that Daryl Seaton has been named CEO, succeeding founder Bill Sowell, who transitions to Chief Strategy Officer. The leadership shift, described as a "long-planned executive leadership transition," emphasizes strategic and inorganic growth initiatives, including mergers and acquisitions. The firm highlighted Bill Sowell’s role in advancing acquisition strategies while Seaton’s appointment underscores operational execution. The press release noted their collaborative success in expanding platforms like FLEX Connect and Trek Wealth Solutions, signaling confidence in the firm’s growth trajectory. The market reacted positively to the structured transition, aligning with the company’s focus on innovation and scale in the competitive wealth management sector. Unrelated news about Lianhe Sowell International Group and Micron were not material to the stock’s movement.