Downey Financial soars on new CEO appointment
Shares of Downey Financial Corp. (NYSE: DSL) jumped in pre-market trading after stating after Monday’s close that it appointed Charles R. Rinehart, as Chief Executive Officer of the company and Downey Savings and Loan Association, F.A. Mr. Rinehart, who has also been appointed to the Board of Directors of each entity, will succeed Downey's interim CEO, Thomas E. Prince.
Shares gained 21%, or $0.64, to $3.75 in pre-market trading. For detailed price information and news stories on Downey Financial, click DSL.
