Levi & Korsinsky notifies investors that it has commenced an investigation into Medifast, Inc. (NYSE: MED) concerning potential violations of the federal securities laws.
Medifast reported its quarterly earnings on April 29, 2024. The Company's adjusted earnings per share of $0.66 were considerably below Wall Street estimates of $0.80 per share and much lower than the same period in the previous year. Following this news, shares of Medifast fell over 22% in morning trading on April 30, 2024.
If you suffered a loss on your Medifast 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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