iQIYI (IQ) Alert: Johnson Fistel Investigates iQIYI, Inc.; Investors Suffering Losses Encouraged to Contact Firm
iQIYI, Inc. - American Depositary Shares (IQ)
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm
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Source: PR Newswire
SAN DIEGO, April 9, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by iQIYI, Inc. ("iQIYI" or "the Company") (NASDAQ: IQ). On April 7, 2020, Wolfpack Research ("Wolfpack ") published a report entitled "iQIYI: The Netflix of China? Good Luckin." wherein Wolfpack detailed a series of alarming red flags about iQIYI.Specifically, Wolfpack, in its report, stated, "Our research shows us that iQIYI, Inc. ("IQ") was committing fraud well before its IPO in 2018 and has continued to do so ever since. Like so many other China-based companies who IPO with inflated numbers, IQ is unable to legitimately grow their business enough to true up their financial statements. We estimate IQ inflated its 2019 revenue by approximately RMB 8-13 billion, or 27%-44%".Following this news, the Company's stock price fell sharply on April 8, 2020.If you have information that could assist in this investigation, including past
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IQ
News
- iQIYI leads genre-specific storytelling with the return of its trend-setting 'Light On Theater,' featuring seven new suspense dramasPR Newswire
- iQIYI Celebrates Content Excellence and Social Impact at Scream Night 2024PR Newswire
- iQIYI Introduces 'Extra Large Font' Function to Enhance Accessibility for Senior UsersPR Newswire
- iQIYI, Inc. (NASDAQ: IQ) had its price target lowered by analysts at JPMorgan Chase & Co. from $2.50 to $1.80. They now have a "neutral" rating on the stock.MarketBeat
- iQIYI, Inc. (NASDAQ: IQ) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
IQ
Earnings
- 11/21/24 - Beat
IQ
Sec Filings
- 12/4/24 - Form SC
- 11/25/24 - Form 144
- 11/21/24 - Form 6-K
- IQ's page on the SEC website