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Why Shares of Covetrus Tumbled Today

TheMotleyFool

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Why Shares of Covetrus Tumbled TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Shares of Covetrus (NASDAQ: CVET), a supplier of products, services, and software to the veterinary industry, were down on Tuesday after the company announced the resignation of its CEO. The stock had dropped 10.9% by 12:20 p.m. EDT.

Benjamin Shaw has stepped down as president and CEO. Shaw had been at the helm since the company was formed by the merger of Vets First Choice and the animal health business of Henry Schein that was spun off earlier this year.

Image source: Getty Images.

Source Fool.com

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