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Why Kulicke & Soffa Stock Slumped by Nearly 10% Today
The Motley Fool·
Kulicke & Soffa Industries stock fell nearly 10% after announcing Raj Talluri as its new permanent CEO, replacing interim CEO Lester Wong. The decline appears driven by concerns over the lengthy succession process in a fast-moving industry and profit-taking following strong Q3 earnings. Analyst expects the stock to rebound.
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