Levi & Korsinsky notifies investors that it has commenced an investigation into Universal Display Corporation (NASDAQ: OLED) concerning potential violations of the federal securities laws.
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.
If you suffered a loss on your Universal Display Corporation 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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