Why Romeo Power Stock Is Plummeting Today
Shares of Romeo Power (NYSE: RMO) are sinking amid a day of sell-offs for the broader market. The electric vehicle-focused battery-technology stock was down roughly 10.7% in the daily trading session as of 3:30 p.m. ET on Tuesday, while the S&P 500 index's level had slipped roughly 1.7%.
In addition to bearish pressures impacting the market, Romeo Power stock also seems to be losing ground due to a recently announced change for its management team. The company published a press release today announcing that Criswell Choi will be stepping down from the chief operating officer (COO) role and is set to be replaced by Anne Devine.
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Source Fool.com
