Levi & Korsinsky notifies investors that it has commenced an investigation into Alignment Healthcare, Inc. (NASDAQ: ALHC) concerning potential violations of the federal securities laws.
Alignment conducted its initial public offering (“IPO”), selling 27.2 million shares of common stock priced at $18.00 per share. Then, on February 27, 2024, Alignment issued a press release reporting its fourth quarter and full-year 2023 financial results. Among other items, Alignment reported earnings per share of -$0.25, missing consensus estimates by $0.03. Following this news, on February 28, 2024, Alignment’s stock price fell 13%.
If you suffered a loss on your Alignment Healthcare securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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