Shares of SymantecSYMC +1.58% are falling after the maker of computer antivirus software said it fired its CEO.
The company’s stock price is falling about 6.7% in after-hours trading, following Symantec’s statement it had dumped Steve Bennett, president and CEO since July 2012.
Chairman Daniel Schulman said Symantec will search for a new chief “who can leverage our company’s assets and leadership team to drive the next stage of Symantec’s product innovation and growth.”
Symantec has struggled to keep pace with new ways to sell software. The company’s share price has dipped about 15% in the last year.
Nowhere does the article state "strong sell". I dare you to short it after hours.