10 Stocks Plummet on Wednesday

3. Shift4 Payments, Inc. (NYSE:FOUR)

Shift4 Payments, Inc. (NYSE:FOUR) fell 17.48 percent on Wednesday to close at $103.7 apiece as investors shunned twin news of improved earnings performance and its acquisition of a Swiss financial payments firm and instead focused on concerns over its CEO’s looming departure.

On Wednesday, FOUR announced that its CEO, Jared Isaacman, is set to leave the company to join and lead the National Aeronautics and Space Administration, at a time when the company recently acquired Global Blue.

The board of directors unanimously approved the merger, which is expected to be completed by the third quarter of the year.

On his return to the White House, President Donald Trump announced tapping Isaacman to lead NASA who is expected to drive NASA’s mission of discovery and inspiration, “paving the way for groundbreaking achievements in Space science, technology, and exploration.”