Business
Why the Nuix (ASX:NXL) share price tumbled 5% today – The Motley Fool Australia
The Nuix (ASX: NXL) share price is down 5% after the software company ended its consultancy agreement with its co-founder Dr Tony Castagna.
Shares in Nuix Ltd(ASX: NXL) came under pressure again today after the software company ended its consultancy agreement with its co-founder and former chair, Dr Tony Castagna.
At market close, the Nuix share price was down 5.07%, trading at $3.37.
The news comes days after the Australian Federal Police (AFP) confirmed it had begun a probe into the company and Castagna.
The AFP is investigating an options package Castagna supposedly acquired in 2005, although it hasn’t announced any further details.
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