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Xilinx Inc. (XLNX) Rose To A 2-Month High After CEO Retires

Xilinx Inc. (XLNX) announced after the close Thursday that its chief executive officer and president Moshe Gavrielov had decided to retire effective January 28. COO Victor Peng has been appointed as his replacement.

Xilinx gapped open higher Friday and climbed during the first 2 hours of trade. The stock was range-bound for the rest of the session and closed up by 3.66 at $74.15 with volume at a 4-month high. Xilinx closed challenging the highs of the year, trading at a 2-month high.

by RTTNews Staff Writer

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