MarketWise CEO resigns effective immediately, after 5 years in charge

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MarketWise Inc. MKTW, said Wednesday that Chief Executive Mark Arnold has resigned, effective immediately, after five years in the role and nearly 10 years with the company. The provider of financial research and education tools for investors named board member Stephen Sjuggerud interim CEO while it searches for a permanent replacement. There was no comment on any reason for the resignation. The stock, which was still inactive in premarket trading, had closed at a record low of $1.91 on Nov. 3. The stock has plunged 70.7% year to date, while the S&P 500 SPX, +0.59% has lost 16.0%.

This article was originally published by Marketwatch.com. Read the original article here.

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