Levi & Korsinsky notifies investors that it has commenced an investigation into Owens & Minor, Inc. (NYSE: OMI) concerning potential violations of the federal securities laws.
On May 3, 2024, Owens announced 1Q24 financial results that beat consensus estimates. Additionally, the Company reported Patient Direct revenue that was below expectations. Management blamed it on “unique challenges that occurred in the quarter." Analysts commenting on the missed revenue noted 2024 may be even more back-half weighted than management already guided. Following this news, Owens’s stock price fell by $6.30 per share, or approximately 26% to close at $18.21 per share.
If you suffered a loss on your Owens & Minor 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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