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Stock impact report

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Methode Electronics, Inc. (MEI)

Methode Electronics, Inc. (MEI) 
Last methode electronics, inc. earnings: 3/5 07:00 am Check Earnings Report
Company Research Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming October 25, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Methode Electronics, Inc. (“Methode” or the “Company”) (NYSE: MEI) common stock between December 2, 2021 and March 6, 2024, inclusive (the “Class Period”).If you are a shareholder who suffered a loss, click here to participate.On March 9, 2023, Methode released its third quarter fiscal 2023 financial results, lowering its 2023 diluted EPS guidance, with analysts theorizing that the miss was due to “customer production ramp delays.” On this news, Methode’s stock price fell $6.21, or 13.1%, to close at $41.36 per share on March 13, 2023, thereby injuring investors.Then, on June 12, 2023, Methode released its preliminary 2023 financial results, stating that it expected to report below-range annual EPS and lower-than-expected net sales guidance and diluted EPS “due to add Show less Read more
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