LegalZoom.com, Inc.
Company Name | LegalZoom.com, Inc. |
Stock Symbol | LZ |
On July 9, 2024, LegalZoom disclosed that its CEO would be departing “effective immediately” after the Company had “decided that now is the right time for this transition.” Additionally, the Company significantly lowered its fiscal year revenue guidance.
On this news, LegalZoom’s stock price fell $1.99, or 25.4%, to close at $5.86 per share on July 10, 2024, thereby injuring investors.
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