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Why Repro Med Stock Is Sinking Today

TheMotleyFool

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Shares of Repro Med Systems (NASDAQ: KRMD), which conducts its business as KORU Medical, were sinking 13.4% as of 11 a.m. EST on Tuesday. The decline came after the specialty infusions solutions company provided an update after the market closed on Monday. KORU gave preliminary financial results for full-year 2020. It also announced the immediate resignation of Don Pettigrew as president and CEO.

Any time a company's CEO departs unexpectedly, investors become nervous. Pettigrew had led Repro Med/KORU Medical for nearly two years. The company's board of directors named former home infusion executive and KORU Medical board member Jim Beck as interim CEO.

Image source: Getty Images.

Source Fool.com

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