Stellantis Changes CEO, Soitec Weakness, Kingfisher Dips

On this episode of Stock Movers:

- Stellantis appointed its Americas head Antonio Filosa as chief executive officer, relying on an experienced company insider to turn around the automaker after former boss Carlos Tavares was forced out over slumping sales and profit.

- Soitec shares plunge as much as 26% after the company withdrew its guidance for 2026 and its medium-term revenue and Ebitda margin targets, citing reduced visibility and market uncertainties.

-  Kingfisher shares drop as much as 5.4%, the most in two months, after the DIY retailer left investors disappointed by not upgrading its annual profit guidance, according to analysts, despite better weather in the UK helping like-for-like sales to come in ahead of expectations in the first quarter.

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