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Stock impact report

Why Vitesse Energy Stock Fizzled on Friday [Yahoo! Finance]

Vitesse Energy, Inc. (VTS) 
Company Research Source: Yahoo! Finance
Investors couldn't shake their negative feelings about this development, and the stock closed the day almost 5% underwater. Waving goodbye Just after market close on Thursday, Vitesse announced that CEO Bob Gerrity had resigned from both positions, as CEO and as chairman of the company's board of directors. In contrast to most CEO departures, Gerrity's action was effective immediately. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Nevertheless, in what the Vitessed characterized as "the culmination of a thorough succession planning process that will position the company for continued long-term strategic execution and success," it named an outsider, Jamie Benard, as new CEO and board chairman. This will become effective on May 1. Benard is a seasoned oil and gas company execu Show less Read more
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