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Why F45 Training Stock Plunged Today

TheMotleyFool

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Shares of F45 Training Holdings (NYSE: FXLV) got clobbered Wednesday after the fitness club chain announced that its president, CEO, and chairman was stepping down from all of those roles, it was laying off staff, and it drastically slashed its guidance for the year.

As a result, the stock finished the day down 61.7%.

F45, which is the fastest-growing fitness franchisor in the world according to Entrepreneur, announced several strategic updates in response to weakening macroeconomic conditions.

Source Fool.com

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