Shares of Lumber Liquidators Holdings Inc LL are sliding down 14 percent from Wednesday’s close of $25.27 on news that its CEO unexpectedly resigned.
Shares traded recently at $21.75, down 13.9 percent.
See Also: Lumber Liquidators Stock Collapsing After 'Unexpected' Resignation
The news shocked investors, causing the stock to sink as low as $18.76 on panic trading in the pre-market session. This represented about a 26 percent decrease. Shares gradually rebounded back up to $21.81 level after the market open.
The company’s stock price has been struggling tremendously, dwindling roughly 70 percent in the past three months on the news that the company suspended all laminate flooring sales made in China amid a "60 Minutes" report.
Year-to-date, shares are now down more than 67 percent, or about $44 per share.
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