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Alignment conducted its initial public offering (“IPO”), selling 27.2 million shares of common stock priced at $18.00 per share. Then, on February 27, 2024, Alignment issued a press release reporting its fourth quarter and full-year 2023 financial results. Among other items, Alignment reported earnings per share of -$0.25, missing consensus estimates by $0.03. Following this news, on February 28, 2024, Alignment’s stock price fell 13%.
In order to be eligible to join the ALHC class action lawsuit, you must have incurred a loss on shares of Alignment Healthcare purchased during the class period listed above.
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