LOS ANGELES, CA / ACCESSWIRE / December 3, 2023 /The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Vicor Corporation ("Vicor" or "the Company") (NASDAQ:VICR) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Vicor is the subject of a Seeking Alpha report published on October 25, 2023. According to the report, "investment firm Needham downgraded the stock to ‘Hold' from ‘Buy', a day after Vicor reported its third-quarter results." According to Seeking Alpha, a research note issued by Needham states, "Vicor reported inline 3Q23 results and 4Q23 guidance, but bookings and backlog were underwhelming and management's tone on the AI platform win announced last quarter appeared more cautious." Based on this news, shares of Vicor fell by more than 28.4% in intraday trading on the same day.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm
View source version on accesswire.com:https://www.accesswire.com/812808/shareholder-action-alert-the-schall-law-firm-announces-it-is-investigating-claims-against-vicor-corporation-and-encourages-investors-with-losses-to-contact-the-firm
