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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Civitas Resources, Inc. - CIVI

1. Civitas Resources investigating for potential securities fraud claims. 2. Q4 2024 financial results missed estimates, leading to stock decline. 3. 10% workforce reduction announced, with key leadership terminations. 4. Stock price fell 18.15% to $40.35 following the news. 5. Pomerantz LLP leads the class action investigation on behalf of investors.

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FAQ

Why Very Bearish?

The substantial stock price drop indicates investor confidence eroded by poor performance and governance issues, reminiscent of other companies facing similar circumstances, which often see ongoing price declines.

How important is it?

The investigation and leadership changes directly affect investor confidence and stock performance, making it critical for near-term price movements.

Why Short Term?

The immediate impact from leadership changes and missed earnings will likely dampen investor sentiment quickly, potentially leading to continued volatility in the short term.

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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Civitas Resources, Inc ("Civitas" or the "Company") (NYSE: CIVI). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980. The investigation concerns whether Civitas and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action]  On February 24, 2025, Civitas announced its financial results for the fourth quarter and full year 2024, including both revenue and non-GAAP EPS that missed consensus estimates. Civitas also announced a 10% reduction in its workforce across all levels, as well as the termination of its Chief Operating Officer Hodge Walker and Chief Transformation Officer Jerome Kelly, effective immediately.  On this news, Civitas's stock price fell $8.95 per share, or 18.15%, to close at $40.35 per share on February 25, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLP[email protected]646-581-9980 ext. 7980 SOURCE Pomerantz LLP WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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