October 10, 2019 - 3:27 PM EDT
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PUMP Stock Soars on Boardroom Reshuffle Following Accounting Probe

PUMP Stock

PUMP stock has gained over 18% on Thursday after ProPetro Holding Corp (NYSE:PUMP) announced a number of changes to its executive leadership team in light of a recent internal probe into the company’s accounting practices.

No Reason to Restate Previous Earnings

The internal audit, which was disclosed in August and has forced the company to delay the release of its quarterly results, was focused on a weakness in internal controls but was expanded to incorporate expense claims and transactions involving executives. ProPetro said that the audit did not uncover any reasons that would require a restatement ...

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Source: MicroSmallCap (October 10, 2019 - 3:27 PM EDT)

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