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Why Splunk Stock Tanked 17% Today – Motley Fool
The departure of the company’s CEO is causing some angst among shareholders.
What happened
Shares of data analytics firm Splunk (NASDAQ:SPLK) sank 17% today as of 12:15 p.m. EST. Solid third-quarter earnings for the company’s fiscal 2022 (the three months ended Oct. 31) were overshadowed by the announcement that CEO Doug Merritt…
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