Why Victoria's Secret Stock Was Climbing Today
Shares of Victoria's Secret (NYSE: VSCO) were surging today after the struggling apparel company named a new CEO, Hillary Super. Investors seem to be hopeful that the move will lead to a turnaround for the business.
As of 1:17 p.m. ET on Wednesday, the stock was up 14.6% on the news.
Victoria's Secret said this morning that Super would replace Martin Waters as CEO and member of the board, taking over on Sept. 9.
Source Fool.com