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The filed complaint alleges that Universal Display Corporation made materially false and/or misleading statements and/or failed to disclose that: On October 30, 2024, Universal announced 3Q 2024 revenue results that fell short of consensus and lowered its CY2024 revenue guidance. Analysts questioned the continued delay and lack of an “explicit timeline” in the commercial availability of its phosphorescent blue emissive system. Following this news, OLED’s stock price fell by $22.84 per share, or approximately 12% to close at $180.32 per share.
In order to be eligible to join the OLED class action lawsuit, you must have incurred a loss on shares of Universal Display Corporation purchased during the class period listed above.
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