Same as Herbalife. Bear raid first then strong reversal. $70s here we come
CEO news overreaction. By July This stock should be trading again in the $70-75 area. Thats why I suggested to buy July $67.5 and Sep $70 calls. CEOs can be replaced but do not affect quality of a product.
This is identical to ULTA beauty and salon stock several months ago except they lowered future expectations right before the CEO bailed. Now look where the stock is, from low 70s to high 90s. Typical sell first ask questions later.