SAN DIEGO, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether The Shyft Group, Inc. ("Shyft" or "the Company") (NASDAQ: SHYF), any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
What if I purchased Shyft common stock? If you purchased common stock in the company and suffered significant losses on your investment, join our investigation now:
https://www.johnsonfistel.com/investigations/the-shyft-group-stock-news
Or for more information, contact Jim Baker at jimb@johnsonfistel.com or (619) 814-4471
There is no cost or obligation to you.
What is Johnson Fistel investigating? On July 27, 2023, Shyft reported its quarterly financials which disclosed that the company would significantly cut its full-year guidance. CEO Daryl Adams said, "We experienced challenges in the fleet vehicles and services business as market conditions deteriorated and operational inefficiencies remain. We continue to flex our operations while implementing additional cost reductions to reflect lower short-term demand."
Following this news, Shyft shares closed down 36% on July 27, 2023.
What if I have relevant nonpublic information? Individuals with nonpublic information regarding the company should consider whether to assist our investigation or take advantage of the SEC Whistleblower program. Under the SEC program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or jimb@johnsonfistel.com.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
Investor Relations
jimb@johnsonfistel.com
Frank Johnson, 619-309-4405
fjohnson@johnsonfistel.com
