Why Archer-Daniels-Midland Stock Plunged 25% This Week

Shares of Archer-Daniels-Midland (ADM -2.38%) are down 25% this week, according to data provided by S&P Global Market Intelligence, after the commodities trading company announced a new interim CFO amid an ongoing accounting investigation.On ADM's abrupt CFO departureIn a press release on Sunday, ADM announced it has appointed Ismael Roig as interim CFO, following a decision by ADM's board of directors to place its previous CFO, Vikram Luthar, on administrative leave, effective immediately.ADM added that Lu ...