02:58 PM EDT, 08/12/2024 (MT Newswires) -- MarketWise ( MKTW ) said Monday F. Porter Stansberry resigned as chair and chief executive on Friday.

David Eifrig has been appointed as interim CEO, while Matthew Turner has been named the acting chairman of the board, MarketWise ( MKTW ) said in a regulatory filing with the Securities and Exchange Commission.

MarketWise ( MKTW ) shares dropped nearly than 26% in recent trading.

Price: 0.80, Change: -0.28, Percent Change: -25.65