NEW
YORK, Aug. 19, 2024 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders
of Symbotic Inc. (NASDAQ: SYM).
Shareholders who purchased shares of SYM 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/symbotic-loss-submission-form/?id=96026&from=4
CLASS PERIOD: May 6, 2024
to July 29, 2024
ALLEGATIONS: According to the complaint, on July 29, 2024, Symbotic announced their 3Q24
financial results and then lowered its revenue guidance for the
fourth quarter and full fiscal year 2024. Symbotic attributed their
change in guidance to "schedule growth and higher labor costs
during the quarter." Analysts commenting on the stock questioned
when management first knew and responded to the issues. Following
this news, Symbotic's stock price opened at $26.36 per share or approximately 25% below the
previous day's close of $35.63 per
share.
DEADLINE: October 15, 2024
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/symbotic-loss-submission-form/?id=96026&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SYM 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 October 15, 2024. 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 Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm