Open Lending Corp (LPRO)

Overview News Price History Option Chain Financials Why LPRO Down? Discussions Forecast

Why is Open Lending Corp (LPRO) Stock down?

We've noticed a 5.32% decline in Open Lending Corp (LPRO) stock during the 2024-04-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

25 Mar, 2024:

OpenLending Corporation (LPRO) stock declined by 14.71% due to the announcement of Keith Jezek's resignation as CEO and from the company's Board of Directors. Chuck Jehl, formerly the Chief Financial Officer, has been appointed as Chief Operating Officer and Interim Chief Executive Officer.

Details of the Leadership Transition: Jezek, who played a significant role in the company's growth, will remain as an advisor during the leadership transition. The Board has initiated a search for a permanent CEO. Jehl, who joined Open Lending as CFO in August 2020, brings extensive experience to his new role, having held leadership positions at Forestar Group Inc.
Company Outlook: Open Lending remains on track to meet its Q1 2024 guidance for certified loans, with further details to be provided in the May report of the first quarter 2024 results. The leadership change at Open Lending Corporation, with Chuck Jehl stepping in as Interim CEO, has generated market attention and impacted the company's stock performance. The Board's search for a permanent CEO and Jehl's commitment to maintaining the company's focus and financial strength will be closely monitored by investors and stakeholders in the coming months.