RadioShack Climbs Most in More Than Five Years
RadioShack Corp. (RSH), the electronics retailer seeking a new chief executive officer, climbed the most in more than five years.
RadioShack advanced 22 percent to $3.22 at the close in New York, the biggest gain since July 7, 2006. The shares gained 14 percent Jan. 25.
RadioShack tumbled 78 percent last year as the company posted three straight quarterly losses and suspended its dividend. The company has been seeking a new chief executive officer since September, when James Gooch stepped down and Chief Financial Officer Dorvin Lively took on the additional duties of interim CEO.
Bruce Bishop, a spokesman for the Fort Worth, Texas-based company, didn’t immediately return a telephone message and e- mail seeking comment.
To contact the reporter on this story: Chris Burritt in Greensboro at cburritt@bloomberg.net
To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net
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