Enovix Corp (NASDAQ:ENVX) shares are trading lower Monday after the company announced the departure of its CFO.

What Happened: Enovix announced that CFO Farhan Ahmad has left the company. Enovix further announced that it's currently searching for a new CFO.

"Our search will prioritize finding a CFO with an outstanding record at investor relations and a transparent communication style," said T.J. Rodgers, executive chairman of Enovix.

"I have always been completely open with investors, even on the details of problems, as demonstrated in my two-hour presentation on January 3, 2023, which was Raj Talluri's first day as our new CEO. And I will institutionalize that standard in our IR group over time."

How To Buy ENVX Stock

By now you're likely curious about how to participate in the market for Enovix – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. In the case of Enovix, which is trading at $8.09 as of publishing time, $100 would buy you 12.36 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

ENVX Price Action: Enovix shares were down 14.5% at $7.67 at the time of publication, according to Benzinga Pro.

Photo: courtesy of Enovix.