Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Dec. 15, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Joann, Inc. (“JOANN”) ( JOAN) investors that the law firm has initiated an investigation on behalf of investors that lost money on their Joann stock. Bioventus investors are encouraged to contact the firm to discuss their legal rights.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], 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.
The investigation concerns whether JOANN and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On December 12, 2022, Joann issued a press release "report[ing] results for its third quarter ending October 29, 2022." Among other items, Joann reported earnings per share ("EPS") of $0.06 on net sales of $562.8 million, representing a 7.9% year-over-year decline. The Company's results missed analyst expectations of EPS of $0.23 and net sales of $569.16 million.
On this news, Joann's stock price fell $0.76 per share, or 17.31%, over the following two trading sessions, to close at $3.63 per share on December 14, 2022.
Please visit our website to review more information and submit your transaction information.
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
[email protected]
310-692-8883
www.portnoylaw.com
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