Cineverse Corp. shares fall 6.07% intraday despite announcing key executives joining the Cineverse Technology Group.

Cineverse Corp. declined 6.07% in intraday trading, despite the company announcing the addition of key executives to its Cineverse Technology Group, including John Smith as Vice President of Sales. The company aims to grow Matchpoint™, its industry-leading media supply chain platform, distribution to major studios.