Levi & Korsinsky notifies investors that it has commenced an investigation into Proficient Auto Logistics, Inc. (NASDAQ: PAL) concerning potential violations of the federal securities laws.
On October 16, 2024, Proficient Auto Logistics issued a report pertaining to anticipated operating and financial metrics for the third quarter of fiscal year 2024. The Company stated that they estimated revenue for the third quarter to be in the range of $90 to $92 million, reflecting a decrease of 14 to 16% relative to the combined revenue of the third quarter of 2023. Following this news, the Company's stock dropped over 28% in the subsequent trading session.
If you suffered a loss on your Proficient Auto Logistics, Inc. 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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