With the Closing Bell’s bong on Wall Street, Comscore shares concluded a week-long plunge with another thud.
A 2.5% decline was seen. This puts Comscore shares at its third-lowest closing price in five years, erasing all gains seen since Christmas Eve 2018.
With higher than average volume of 429,404 shares, Comscore entered after-hours trading on Friday at $13.31.
Comscore has a 1-year target price of $24.80, and as of February 25 the company looked well on its way to meeting that goal.
Then, a steady decline began — and was fueled by the late Sunday revelation on LinkedIn that its CEO, Bryan Wiener, and President Sarah Hofstetter, resigned due to “irreconcilable differences” with the Comscore board of directors.
Several law firms have opened up investigations against Comscore for possible violations of securities laws.