Why Is Ault Alliance (AULT) Stock Down 19% Today?

Ault Alliance (NYSEMKT:AULT) stock is falling on Tuesday after the company provided investors with results from its annual meeting of stockholders.Ault Alliance notes that the shareholder meeting resulted in all seven directors for its Board being approved by stockholders. Traders also approved Marcum LLP as the company’s independent registered public accounting firm.Included in the shareholder meeting was a vote for a reverse stock split. Investors approved this at a rate of no less than one-for-five and n ...