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Atkore Inc. after-hours drops 4.08% following CFO and CAO resignation announcement.
ByAinvest
Tuesday, Jul 23, 2024 7:15 pm ET1min read
Atkore Inc. experienced a significant decline of 4.08% in after-hours trading. The reason for this drop can be attributed to the announcement of key leadership changes within the company. CFO and CAO David Johnson has resigned to pursue a career outside the electrical industry, effective August 9, 2024. This news led to a temporary negative market reaction, as incoming Chief Financial Officer John Deitzer and new Chief Accounting Officer James Alvey take over the roles. The potential impact on the company's financial guidance and investor confidence may have contributed to the stock's downward move after the market closed.
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