RE:RE:More dumb market actionThe market doesn't like uncertainty and changing CEO does constitute that. There are questions as to why a young CEO would just leave. Is there something wrong with the company?
Personally, I think the reason is that the current CEO has underperformed and was replaced by the BoD. If you look at the price of the stock since IPO, it went up and now down. It was slowly creeping up and I think will continue to creep up.
I think the new CEO isn't a downgrade. He worked 27 years at Walgreens.