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 $2.30 per share to 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 ...