|Company Name||Everbridge, Inc.|
On December 9, 2021, Everbridge announced the resignation of its CEO. A Bloomberg report noted that the “timing and uncertainty around the circumstances of [the CEO’s] departure combined with the company’s guidance introduces a high degree of uncertainty into the story,” and that there are “more questions than answers at this point.”
On this news, Everbridge’s stock fell $52.37, or 45%, to close at $63 per share on December 10, 2021, thereby injuring investors.
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