Why Hexcel Stock Is Down Today
Hexcel(HXL) The Motley Fool·2024-04-10 14:48An imminent change at the top caught investors off guardAerospace component manufacturer Hexcel (HXL -12.26%) has revealed it's getting a new CEO, initiating a leadership transition that caught investors off guard. The market generally hates surprises, and pushed shares of Hexcel down by 11% at the opening of Wednesday's trading session on the news.A surprise change in the cockpitHexcel manufactures lightweight composite technologies that have become popular in aerospace, transportation, and energy markets. ...