Why Allogene Stock Is Trading Down Today

Allogene Therapeutics, Inc. (NASDAQ:ALLO) shares are trading lower after the company announced its CFO Eric Schmidt will step down from his position.

What To Know: In order to support the reporting of second quarter financials and ensure an orderly transition, Schmidt will remain with the company through Aug. 2, 2023. Allogene has initiated a search to fill this position.

Related Link: What's Going On With Coherent Stock?

ALLO Price Action: Shares of ALLO were down 15.3% at $4.83 at the time of publication, according to Benzinga Pro.

Image by HeungSoon from Pixabay

 

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.