Investors can contact the law firm at 3106928883 at no cost to learn more about recovering their losses.
LOS ANGELES, July 26, 2024 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises Vicor Corporation (“Vicor” or the “Company”) (NASDAQ: VICR) investors that a shareholder filed a class action on behalf of persons and entities that purchased or otherwise acquired shares.
Investors who purchased and/or sold shares between July 25, 2023 and October 24, 2024 are advised to visit our website.
Vicor and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On February 22, 2024, despite the Company’s prior statements regarding increased opportunities including a significant deal with Nvidia for its H100 product, the Company disclosed disappointing financial news including a 12.2% decrease in revenues for the fourth quarter ended December 31, 2023, a decrease in gross margin to $47.3 million for the fourth quarter of 2023, compared to $49.1 million for the corresponding period a year ago, and a 47.2% decrease in backlog from $304.4 million to $160.8 million.
On this news, the price of Vicor’s shares fell from $46.84 per share on February 22, 2024, to $35.87 per share on February 23, 2024.
Please visit our website to review more information and submit your transaction information.
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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