Xponential Fitness (XPOF) Stock Rocketing Higher Today

Shares of boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF) jumped 25.1% in the morning session after the company announced that its Board of Directors has unanimously appointed Mark King as Chief Executive Officer effective June 17, 2024. Mr. King will also join the Company's Board of Directors. Following the announcement, Brenda Morris will cease serving as Interim CEO but will continue to serve as a member of the Company's Board of Directors.