May 22, 2012 at 11:26 AM EDT
Cree (CREE) Retreats After CFO Resigns To Take Similar Role At Extreme Networks (EXTR)
Cree Inc. (NASDAQ:CREE) shares retreated sharply after the manufacturer of energy-efficient lighting products announced the resignation of Chief Financial Officer John Kurtzweil, who will take a similar role at Extreme Networks Inc. (NASDAQ:EXTR). Cree stock dropped 13 percent, the most in seven months, to $25.30. Extreme Networks shares added nearly 6 percent. [More...]
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