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)

Mon, 05 Jul 2021

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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