LOS ANGELES, Aug. 28, 2020 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises GoHealth Inc. ("GoHealth" or the "Company") (NASDAQ: GOCO) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
On July 15, 2019, GoHealth sold approximately 43.5 million shares of stock in its initial public stock offering (the "IPO"), at $21.00 per share raising almost $914 million in new capital.
On August 19, 2020, in GoHealth’s first quarterly earnings report following the IPO, announced that it had incurred a net loss of $22.9 million in it’s 2nd Quarter after reporting net income of $15.3 million in the prior-year period.
Shares of the GoHealth’'s stock are presently trading at almost 50% below its recent IPO price, at $14.26 per share.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
Attorney Advertising