iRobot's stock plummets 72% after Amazon deal collapse, new CEO Gary Cohen appointed for turnaround.
iRobot's stock has fallen 72% this year following the collapse of Amazon's acquisition deal. Sales are declining, and the company struggles to stay out of the red. However, iRobot recently appointed a new CEO with turnaround experience, Gary Cohen, and the stock appears to be a cheap buy for contrarian investors. The question remains whether the stock can bounce back this year and if this is a good time to buy shares.
May 25, 2024
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