5 Trending Stocks to Watch Today

4. DENTSPLY SIRONA Inc. (NASDAQ:XRAY) has declined 13.05% as of 11:05 AM ET after the Charlotte, North Carolina-based manufacturer and seller of dental products revealed that it had terminated its CEO, Don Casey, for reasons not disclosed to the public. Furthermore, Casey will also cease to serve his duties as a member of the Board of Directors. John Groetelaars will take over as the interim CEO of DENTSPLY SIRONA Inc. (NASDAQ:XRAY) until a suitable successor is found. The company also revealed that Mr. Barbara Bodem would take over as the interim CFO from Jorge Gomez, who will depart the company on May 6.

Moreover, DENTSPLY SIRONA Inc. (NASDAQ:XRAY) provided its preliminary results for Q1 2022. The company expects revenue to be around $965 million as opposed to the analysts’ estimates of $1.02 billion.

As of Q4 2021, DENTSPLY SIRONA Inc. (NASDAQ:XRAY) was held by 28 hedge funds.