MarketWise Inc. 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 has lost 16.0%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.