Press release
Investigation announced for Investors who lost money in shares of Alignment Healthcare, Inc. (NASDAQ: ALHC) over possible Violations of Securities Laws
An investigation for investors in Alignment Healthcare, Inc. (NASDAQ: ALHC) shares over potential securities laws violations.
Investors who purchased shares of Alignment Healthcare, Inc. (NASDAQ: ALHC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether certain statements by Alignment Healthcare, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Orange, CA based Alignment Healthcare, Inc., a tech-enabled Medicare advantage company, operates consumer-centric health care platform for seniors in the United States.
On or around March 29, 2021, Alignment Healthcare, Inc conducted its initial public offering ("IPO"), selling 27.2 million shares of common stock priced at $18.00 per share.
Then, on February 27, 2024, Alignment Healthcare, Inc issued a press release reporting its fourth quarter and full-year 2023 financial results. Alignment Healthcare, Inc. reported that its annual Total Revenue rose from over $1.43 billion in 2022 to over $1.82 billion in 2023, and that its Net Loss declined from $149.54 million in 2022 to $148.01 million in 2023. Among other items, Alignment Healthcare, Inc reported earnings per share of -$0.25, missing consensus estimates by $0.03.
Shares of Alignment Healthcare, Inc (NASDAQ: ALHC) declined from $9.19 per share on January 10, 2024, to as low as $4.46 per share on April 03, 2024.
Those who purchased shares of Alignment Healthcare, Inc. (NASDAQ: ALHC) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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