BUZZ-Alight up after naming new CEO
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Shares of Alightrose 2.4% to $7.5 in premarket trading after the company announced Dave Guilmette as the new CEO, succeeding Stephan Scholl who resigned in August. Scholl will also leave the board of directors. Guilmette had been appointed as an independent director in May. Alight has faced pressure from activist hedge fund Starboard Value, which holds a 7.8% stake. Out of nine analysts, eight give a "buy" or higher rating, while one rates it "hold," with a median price target of $10.5. Year-to-date, ALIT is down 16.1%.
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