Why HF Sinclair Stock Swooned on Wednesday
Dispiriting news from the C-suite overshadowed an estimates-trouncing earnings report from energy company HF Sinclair (NYSE: DINO) on Wednesday. Concerned investors sold out of the company, leaving its shares with a nearly 11% loss in price on the day.
Sinclair, which primarily operates as an oil products retailer, announced before market open that CEO and board member Tim Go is taking a voluntary leave of absence from the company. In his place, the company's board elected its chairperson, Franklin Myers, as interim CEO.
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Source Fool.com
