Here's Why Wrap Technologies Stock Fell Today

Shares of remote restraint-device company Wrap Technologies (NASDAQ: WRTC) fell sharply on Friday after the company released results for the second quarter of 2020. Revenue beat expectations, but earnings came up short. The stock was down 14% as of 1:30 p.m. EDT as a result.

Wrap Technologies also announced a change at the CEO position. But this probably isn't rattling investors. Former CEO David Norris remains a director, giving him better focus. And new CEO Marc Thomas has both executive and military experience, a good background for the job.

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Source Fool.com