Who owns coherent Corp (Cohr)?

Chief Legal & Compliance Officer Ronald Basso executed a sale of 3,367 shares of Coherent Corp ( NYSE:COHR) on June 3, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 38,723 shares of the company. Warning! GuruFocus has detected 11 Warning Signs with COHR.

Why did coherent shares jump 23%?

Coherent shares jumped 23% following the news that Anderson is replacing its retiring CEO. Lattice said Chief Marketing officer Esam Elashmawi is being elevated to the role of interim CEO while the company's board starts a search for a permanent replacement.

How did coherent stock perform compared to lattice & coherent?

At the same time, Coherent shares ran up 22.9% — their biggest one-day gain since climbing 21% on May 12, 2020 — to lead the chip-sector tracker’s gainers. Lattice’s stock selloff wiped out about $1.58 billion in market capitalization, while Coherent’s stock rally added nearly $1.99 billion to the company’s market cap.