Malibu Boats Stock Plummets 11% Post-CEO Departure

Shares of Malibu Boats Fall as CEO Steps Down

Malibu Boats, a prominent powerboat manufacturer, saw a drop in its shares during afternoon trading following the announcement that its CEO, Jack Springer, will be leaving the company. The stock plummeted by nearly 11% to $42.51. This decline adds to a tough year for Malibu Boats, with shares down approximately 32%.