LegalZoom: Another Overreaction, But This Time Sellers Have Real Reasons
LZLegalZoom.com(LZ) Seeking Alpha·2024-07-22 21:26
Thicha Satapitanon/iStock via Getty Images When I explained why LegalZoom (NASDAQ:LZ) shares are still struggling, my radar did not include another collapse in the stock price. Almost two weeks ago, in a surprise move, the company announced that Jeff Stibel, chair of the Board for LegalZoom, replaced Dan Wernikoff as CEO. The reaction in the stock was sharp and swift. The dust settled for the day on a 25.4% loss, with the stock down as much as 32.1% at one point. LZ plunged to all-time lows on news of t ...