Illumina shares are trading higher after CEO Francis deSouza resigned amid pressure from Carl Icahn.
Portfolio Pulse from Benzinga Newsdesk
Illumina shares are trading higher after CEO Francis deSouza resigned amid pressure from activist investor Carl Icahn.

June 12, 2023 | 11:06 am
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Illumina's stock price is trading higher following the resignation of CEO Francis deSouza due to pressure from Carl Icahn.
The resignation of Illumina's CEO Francis deSouza is a direct result of pressure from activist investor Carl Icahn. This news has led to an increase in the stock price, as investors may view this change in leadership as a positive development for the company. The impact on the stock price is likely to be short-term, as the market reacts to the news and adjusts its expectations for the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100