StockNews.AI
GO
StockNews.AI
180 days

Shareholders that lost money on Grocery Outlet Holding Corp.(GO) should contact The Gross Law Firm about pending Class Action - GO

1. Law firm files class action notification for GO shareholders, inviting lead plaintiff registration. 2. Complaint alleges misleading financial guidance and unforeseen expense costs, affecting Q1 results. 3. GO stock fell 19.38% to $20.88 after disappointing earnings news. 4. Shareholders have until March 31, 2025, to register for class action participation.

4m saved
Insight
Article

FAQ

Why Bearish?

The notification follows a severe stock drop and disappointing guidance, suggesting further downside pressure. Similar historical class action news has often led to additional price declines.

How important is it?

The combination of a steep price drop and potential legal repercussions increases investor risk and immediate market reaction.

Why Short Term?

The immediate legal uncertainty and investor sentiment shifts are likely to produce near-term volatility. Past incidents show that such lawsuits impact prices quickly.

Related Companies

NEW YORK, Feb. 20, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Grocery Outlet Holding Corp. (NASDAQ: GO). Shareholders who purchased shares of GO during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/grocery-outlet-holding-corp-loss-submission-form/?id=130532&from=4 CLASS PERIOD: November 7, 2023 to May 7, 2024 ALLEGATIONS: According to the complaint, after-market on May 7, 2024, Grocery Outlet announced its financial results for the first quarter of fiscal 2024, published significantly below-expectation guidance for the second quarter, and further reduced its guidance for the full fiscal year 2024. The Company attributed its results and lowered guidance on "unforeseen systems transition costs that surfaced at the end of the quarter" and the resulting "residual expense from our commission support program as we finish store physical inventory counts in the second quarter." Following this news, Grocery Outlet's stock price fell to $20.88 per share on May 8, 2024, a decline of about 19.38% in the span of just a single day. DEADLINE: March 31, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/grocery-outlet-holding-corp-loss-submission-form/?id=130532&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of GO during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 31, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected] Phone: (646) 453-8903 SOURCE The Gross Law Firm

Related News