Wealth host Brad Smith shares company updates and stock reactions for the top trending tickers on Yahoo Finance.

Sonos ( SONO ) CEO Patrick Spence is resigning following issues with the company's new mobile app that left customers unable to connect to or use their speakers. The Board has appointed Tom Conrad as interim CEO as they search for a replacement.

Abercrombie & Fitch ( ANF ) stock is declining despite the retailer raising its fourth quarter sales growth forecast to 7 to 8%, up from previous guidance of 5 to 7%. The company also increased its full-year net sales outlook.

Meanwhile, Howard Hughes ( HHH ) stock is climbing after it received a proposed merger offer from Bill Ackman's Pershing Square ( PSHZF ) valued at $85 per share.

To watch more expert insights and analysis on the latest market action, check out more Wealth here .

This post was written by Angel Smith