UiPath ($PATH) Stock Drops 30% Amid CEO Resignation and Disappointing Guidance

UiPath's stock plummeted by 30% following the announcement of CEO Rob Enslin's abrupt resignation and disappointing full-year guidance. The company's outlook fell short of analyst estimates, leading to significant market reaction. The competitive pressure from companies like ServiceNow and Microsoft is impacting UiPath and other specialty RPA companies as they transition to AI-driven automation. The stock is traded under the ticker $PATH.