investors can Contact the law firm for free to learn more about recovering their losses
LOS ANGELES, April 4, 2023 (GLOBE NEWSWIRE) — The law firm of Portnoy advises Stanley Black & Decker, Inc. SWK Investors who have filed a lawsuit on behalf of investors who have purchased Stanley Black & Decker stock SWK between October 28, 2021 and July 28, 2022 inclusive (the “Collection Period”)
Investors are encouraged to contact an attorney Lesley F Portnoyby phone 844-767-8529 or E-mail: lesley@portnoylaw.comto discuss your legal rights, or Click here to join the case about www.portnoylaw.com. Portnoy Law Firm can provide a free case assessment and discuss investors’ options for making claims to recover their losses.
Stanley Black & Decker, Inc. has been accused of misleading investors about the sustainability of consumer demand for its products during the pandemic. The company allegedly misrepresented to investors that pandemic-driven demand for tools and outdoor products would continue into 2022, despite rising inflation and interest rates, as well as multiple rounds of product price hikes. In April 2022, the company issued partial corrective disclosures showing that Tools and Outdoor net sales had declined, resulting in a decline in its 2022 earnings per share guidance. In late May and June, sales volumes had declined by double digits and the guidance for 2022 earnings per share cut by almost half. That news caused Stanley’s common stock to drop 16% daily.
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Portnoy Law Firm represents investors in asserting claims against companies caused by wrongdoing. The firm’s founding partner has recovered over $5.5 billion for aggrieved investors. attorney advertising. Previous results do not guarantee similar results.
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