Tempur Sealy International (NYSE:TPX) is 8.44% higher in premarket action after Mattress Firm’s CEO steps down in an unanticipated move.

Both Piper Jaffray and Wedbush Securities have stated in early notes out this morning to clients that TPX could benefit if the new Mattress Firm boss looks to rekindle the strained relationship between the bedding players.

TPX has cruised right past its 52-week high in the premarket session.

https://seekingalpha.com/news/3449607-tempur-sealy-plus-8-percent-mattress-firm-ceo-steps-away#email_link