Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Feb. 29, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Alignment Healthcare, Inc. (“Alignment” or the “Company”) (NASDAQ: ALHC) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Alignment stock. Alignment investors are encouraged to contact the firm to discuss their legal rights.
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.
Around March 29, 2021, Alignment conducted its initial public offering (IPO), where it sold 27.2 million shares of common stock at a price of $18.00 per share. Subsequently, on February 27, 2024, Alignment released a press statement announcing its financial outcomes for the fourth quarter and the full year of 2023. Among other financial metrics, the company disclosed earnings per share of -$0.25, which was below the consensus estimates by $0.03.
Following this announcement, the stock price of Alignment experienced a significant drop, falling $1.26 per share, or 18.21%, to close at $5.66 per share on February 28, 2024.
Please visit our website to review more information and submit your transaction information.
The Portnoy Law Firm represents investors in pursuing claims 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
Attorney Advertising
