Duke Energy ( (DUK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Duke Energy shares slipped as investors reacted to news that chief financial officer Brian Savoy is taking on additional responsibilities outside the company. Some traders worry that a key financial leader may be distracted, even though such board roles are common for top executives.
The company said Savoy has been elected to Flowserve’s board of directors, effective March 16. He will also serve on Flowserve’s audit and technology, innovation and risk committees, expanding his influence in the industrial sector.
More about Duke Energy
YTD Price Performance: 14.57%
Average Trading Volume: 4,323,744
Technical Sentiment Signal: Buy
Current Market Cap: $103.5B
For further insights into DUK stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.