Stock Movers Stellantis Changes CEO, Soitec Weakness, Kingfisher Dips
May 28, 2025
Stellantis has appointed a new CEO to address sagging sales after the previous boss stepped down. Meanwhile, Soitec's shares took a hit, plummeting 26% after withdrawing its revenue guidance for 2026. Kingfisher also disappointed investors, seeing shares drop 5.4% despite improved sales figures, as they chose not to upgrade profit forecasts. These developments highlight ongoing vulnerabilities in both tech and DIY markets, reflecting larger economic and investment trends.
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CEOs with Political Expertise
- Stellantis and Remy Cuatro appointed new CEOs with political and trade expertise to navigate US tariffs and market challenges.
- This reflects a trend of European companies prioritizing leadership familiar with political landscapes for strategic operations.
Soitec Faces Market Uncertainty
- Soitec's stock dropped 23% after withdrawing its 2026 guidance due to market uncertainties.
- The firm is affected by declines in the auto and cell phone markets impacting semiconductor wafer demand.
Kingfisher's Regional Sales Diverge
- Kingfisher's UK sales outperformed expectations despite poor weather, but its French and Polish markets weakened.
- This mixed performance led to a 5% stock drop amid investor disappointment for not raising profit guidance.