RumbleOn shares are trading lower after the company announced CEO Marshall Chesrown will resign amid an investigation into his use of company resources.
Portfolio Pulse from Benzinga Newsdesk
RumbleOn CEO Marshall Chesrown resigns amid an investigation into his use of company resources, causing the company's shares to trade lower.
June 16, 2023 | 12:57 pm
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RumbleOn shares trade lower following CEO Marshall Chesrown's resignation amid an investigation into his use of company resources.
The resignation of RumbleOn's CEO Marshall Chesrown amid an investigation into his use of company resources has led to a decrease in the company's share price. This news is directly related to the company and its management, making it highly relevant and important for investors. The negative impact on the stock price is expected in the short term due to the uncertainty surrounding the investigation and the company's leadership.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100