Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises XPEL Inc. ("XPEL" or the "Company") (NASDAQ: XPEL) investors of a class action representing investors that bought securities between November 8, 2023 and May 2, 2024, inclusive (the "Class Period"). XPEL investors have until October 7, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The complaint alleges that during the class period, Defendants failed to inform investors that: (i) XPEL’s competitors were capturing a larger share of the market; (ii) this led to the Company’s revenue growth becoming more reliant on existing customers and partners; and (iii) as a result, XPEL’s revenue growth for 2023 and 2024 was declining. When this information came to light, XPEL's stock price dropped by $20.93, or nearly 39%, closing at $32.86 per share on May 2, 2024.
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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
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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