Pool Corporation Stock Sinks as CEO Exit and Investor Day Delay Raise Fresh Doubts
Shares of Pool Corporation tumbled over 7% Tuesday after the swimming-pool products distributor ousted CEO Peter D. Arvan, naming John B. Watwood as his replacement and delaying an investor meeting that was originally scheduled for next week. The stock hit $188.85 in the afternoon, hovering near its session low, after starting the day at $197.20.