LOS ANGELES, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises MasTec, Inc. ("MasTec" or the "Company") (NYSE: MTZ). investors that the firm has initiated an investigation into possible securities violations and may file a class action on behalf of investors. MasTec investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 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.
MasTec disclosed on August 3, 2023, that it failed to meet its financial performance projections for the second quarter of 2023. The company also adjusted its 2023 guidance, attributing the revision to a slowdown in its communications margins.
In response to this announcement, the share price of MasTec experienced a significant decline, dropping by $24.82 per share, which amounted to a decrease of 20.52%, over the subsequent two trading sessions. The stock ultimately closed at $96.14 per share on August 7, 2023.
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The Portnoy Law Firm represents investors in pursuing claims against caused by 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
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