Period: Jul 19, 2016 to Nov 3, 2016
Lead Plaintiff Deadline: Apr 28, 2017
Summary of Case:
A securities class action has been filed against Invuity, Inc. (NASDAQ: IVTY) on behalf of all persons who purchased purchased Invuity shares between July 19, 2016 through November 3, 2016 between. This case has been filed in the USDC - CA (Northern).
Complaint alleges that during the Class Period Invuity misrepresented its ability to sustain its average revenue per account, which serves as a critical metric for the Company's growth. After the markets closed on November 3, 2016, Invuity announced its financial results for the third quarter of 2016 and, citing in part a decline in average revenue per account, the Company lowered its guidance. The price of Invuity stock fell significantly following the news.
If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.