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The stock jumped 6% late Wednesday, after the appointment was announced about 15 minutes before the market close.
Some investors cashed in their profits on Thursday morning, however. The stock was up 0.5% to 62.82 euros at 0845 GMT.
Anderson’s appointment as CEO from June came after shareholder pressure for an external successor to Werner Baumann, who engineered Bayer (OTC:BAYRY)’s troubled Monsanto (NYSE:MON) takeover.
Juergen Molnar, capital markt strategist at brokerage RoboMarkets, said the stock had considerable potential for further gains even after the rally.
The shares are up 30% since the start of the year, helping to offset a more than five year downturn related to the takeover of Monsanto. In June 2018, when the acquisition was completed, the shares traded at around 100 euros.
