No stampede, but investors more upbeat on A2 Milk

No stampede, but investors more upbeat on A2 Milk
A2 Milk is showing some signs of recovery but is still well off highs. (Image: Supplied)
Rebecca Howard
A2 Milk is hardly out of the woods, with its stock still down 65% on the year, but news it has snagged a new chief marketing officer from Danone looks to have cheered investors.The shares are up 3.1% to $7.23 after lifting 5.7% Friday on news it had hired Edith Bailey away from the competition. She is slated to take up the position later this year.It “looks like a good hire”, said Greg Smith, head of research at Fat Prophets, noting Bailey comes with the right experience from Danone and in the infant nutrition category in key market...

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