Cricut Stock Plunges 15% as CEO Sells Shares

On March 28, 2025, Cricut's stock price dropped to $23.37 in pre-market trading, marking a significant decline from its previous levels.

Cricut's CEO, Ashish Arora, recently sold shares worth $31,470, which has raised concerns among investors about the company's future prospects. This move by the CEO has led to speculation about potential internal issues or strategic shifts within the company.

Investors are closely monitoring the situation, as the sale of shares by a company's top executive often signals a lack of confidence in the company's future performance. This development has added to the uncertainty surrounding Cricut's stock, which has already been facing challenges in the market.