10 Stocks Trade Weaker on Disappointing News

5. Confluent Inc. (NASDAQ:CFLT)

Confluent saw its share prices drop by 7.12 percent on Friday, a second consecutive day, to end at $26.61 each as investors sold off following the company’s co-founder and CEO’s disposition of shares.

In a regulatory filing, CFLT said its CEO Jay Kreps planned to dispose of 465,000 shares in the company for a total amount of $14.97 million. Over the past three months, Kreps has already sold 232,500 shares.

In other news, CFLT announced its partnership with sccc by stc, a leading cloud services provider in Saudi Arabia, to join the CFLT OEM Program as a managed service provider (MSP) to make data streaming more accessible in Saudi Arabia.

The new partnership aligns with Saudi Vision 2030, an initiative that prioritizes technical innovation by helping accelerate digital transformations across key industries, including finance, retail, healthcare, and public services.