Cohen & Steers Shares Plunge to Annual Low Amid Executive Shake-Up

Shares of investment management firm Cohen & Steers tumbled to a fresh 52-week low of $68.31 during Tuesday’s trading session. The decline coincided with the company’s unexpected announcement that Chief Financial Officer Raja Dakkuri will be stepping down from his role, effective October 17.

This downward movement represents the security’s weakest valuation point in a year and extends a concerning pattern of depreciation. The stock has declined by a substantial 27.84% over the preceding twelve-month period. It concluded the previous trading day at $69.38, underscoring a persistent bearish sentiment.

The sudden departure of CFO Raja Dakkuri introduces a significant leadership challenge during an already volatile period for the company. Michael Donohue, who currently holds the position of Senior Vice... Read more...