Freightos stock plummets after founder resigns
Shares of Freightos Limited (CRGO) fell roughly 30% shortly after the digital freight platform announced its founder Zvi Schreiber would step down from its board of directors, effective Thursday. Stock prices for Freightos fell from around 1.50 coinciding with Schreiber’s resignation announcement and the company’s Form 6-K earnings report published on Monday. The company stated in a news release that its board “remains fully constituted in accordance with applicable governance ...