Shares of RumbleOn Inc.
dropped 7.3% toward an eighth-straight loss in premarket trading Friday, after the motor vehicle dealer and ecommerce platform disclosed it was investigating its former Chief Executive Officer Marshall Chesrown. The company said in an 8-K filing with the Securities and Exchange Commission late Thursday that co-Founder Chesrown said on June 11 he was resigning effective June 15, after about seven years in the CEO role, but continue to serve on the company’s board of directors.
dropped 7.3% toward an eighth-straight loss in premarket trading Friday, after the motor vehicle dealer and ecommerce platform disclosed it was investigating its former Chief Executive Officer Marshall Chesrown. The company said in an 8-K filing with the Securities and Exchange Commission late Thursday that co-Founder Chesrown said on June 11 he was resigning effective June 15, after about seven years in the CEO role, but continue to serve on the company’s board of directors.