When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Shares of arts and crafts retailer The Michaels Companies(NASDAQ: MIK) surged higher on Friday due to a sudden shakeup in the executive suite. The stock was trading 24% higher at 1:55 p.m. EST.
Michaels has tapped former Walmart executive Ashley Buchanan as its new CEO and president, effective Jan. 6. Current CEO Mark Cosby will stay on as co-CEO until April 1 in order to achieve a smooth transition, and will keep his seat on the board of directors until further notice.
Also, CFO Denise Paulonis has taken a position at an unnamed company and will leave her post at Michaels by the end of its fiscal year, Jan. 31.