Representative Byron Donalds sold up to $15,000 worth of shares in Fiserv ($FI) just before the company’s stock plummeted 44% following a disappointing third-quarter earnings report. Fiserv now expects adjusted earnings between $8.50 and $8.60 per share, down from previous guidance of $10.15 to $10.30, with revenue growth projected at 3.5% to 4%, well below earlier expectations of 10%. CEO Mike Lyons cited macroeconomic challenges for the slowdown and announced major leadership changes. Fiserv will also shift its stock listing from the NYSE to the Nasdaq under the symbol “FISV” in response to the situation.

Read more at Quiver Quantitative: Rep. Byron Donalds Sold Fiserv Stock Weeks Before 52% Collapse After Earnings Miss