
ZoomInfo Technologies Inc. experienced a significant decline in its stock price, falling by 16% following the announcement of its second quarter 2024 financial results and a CFO transition. The company provided weak guidance that led to analysts downgrading their ratings on the stock. Specifically, the stock dropped 14% in pre-market trading, reflecting investor concerns over the company's future performance. This decline follows a broader trend of volatility in the stock market, where the company’s stock was already down 5% on August 5, 2024, prior to the announcements.
