Why Shares of Agiliti Dropped This Week
Shares of Agiliti (NYSE: AGTI) were down 13.4% for the week at Friday's close, according to data provided by S&P Global Market Intelligence. The stock closed last week at $6.49 and hit a 52-week low of $5.25 on Thursday. The healthcare company has seen its shares drop by more than 65% so far this year.
The medical equipment and supplies company owns or manages more than 1.2 million units of medical equipment for more than 7,000 national, regional, and local acute care hospitals in the U.S. On Monday, the company announced a CEO transition, and that decision clearly didn't make investors feel any better about the sputtering company.
Agiliti said that CEO Tom Boehning would be leaving and would be replaced by former CEO Tom Leonard, who retired as CEO last March, though Leonard had stayed on as a member of the company's Board of Directors.
Source Fool.com
