Green Dot slides after CEO change
17/10/2022 13:37
** Green Dot Corp's GDOT.N shares down 7.8% at $18
premarket after fintech co announces CEO change
** Co appoints George Gresham as CEO and president,
succeeding Dan Henry, who was terminated and resigned as board
member on Fri urn:newsml:reuters.com:*:nBw7LBzk9a
** Henry served as CEO and president since Mar 2020. A
reason for his termination was not provided
** Gresham to serve as interim CFO and COO until successor
is named, co says
** GDOT has lost 46% YTD through Fri close as payment
processing names have been dumped amid surging inflation and
interest rates
** Still, avg rating among 9 analysts covering GDOT is
"buy", per Refinitiv data; Median PT of $29 down from $35 on
three months ago
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))