Guess falls after analyst says key executive left company

theflyonthewall.com

Shares of Guess (GES) are sinking after Buckingham Research analyst David Glick reported in a note to investors earlier today that the company's President of North America, Nancy Shachtman, had left the company. The departure of Shachtman, along with the recent departures of the company's CFO and COO, indicates that the company is experiencing continued challenges with its turnaround, Glick believes. The analyst maintained an Underperform rating on the shares, which tumbled $1.40, or 5%, to $27.15 in afternoon trading.

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