10 Firms Mirror Wall Street Bloodbath

5. Sweetgreen Inc. (NYSE:SG)

Sweetgreen extended its losing streak for a fourth straight day on Monday, slashing 8.23 percent to close at $16.96 apiece as investor sentiment was dampened by the resignation of its chief operating officer.

Last week, SG announced that its COO, Rossann Williams, has resigned from her position effective on April 16. The company did not divulge the reason for the resignation, nor if it was searching for a new COO to take over. However, Williams will remain as a consultant until June 1.

Williams became COO in February 2024, replacing Chris Carr, who left the company after two years in service.

In other news, Bank of America lowered its price target for SG to $31 from $36 previously. The new price target represented an 83 percent upside from its closing price on Monday.

SG is a fast food chain that offers healthy salads and grain bowls.