Kyndryl stock plunges 54% as late 10-Q, SEC requests and CFO exit hit confidence
Kyndryl shares plunged about 54% to $10.71 after delaying its quarterly filing and disclosing an audit committee review of cash-management practices and internal controls. The company warned investors not to rely on prior internal-control assessments and trimmed its fiscal 2026 outlook to a 2%-3% revenue decline. CFO David Wyshner and General Counsel Edward Sebold departed.