Latest news with #stockdecline
Globe and Mail
5 days ago
- Business
- Globe and Mail
Deadline Approaching: RxSight, Inc. (RXST) Investors Who Lost Money Urged to Contact Law Offices of Howard G. Smith
Law Offices of Howard G. Smith reminds investors of the upcoming September 22, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased RxSight, Inc. ('RxSight' or the 'Company') (NASDAQ: RXST) securities between November 7, 2024 and July 8, 2025, inclusive (the 'Class Period'). IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN RXSIGHT, INC. (RXST), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@ by telephone at (215) 638-4847 or visit our website at What Happened? On July 8, 2025, after the market closed, RxSight reported preliminary second quarter 2025 financial results, revealing significant declines in LDD sales, LAL utilization, and overall revenue. The Company also lowered its full year 2025 guidance by approximately $42.5 million at the midpoint. The Company's Chief Executive Officer, Ronald Kurtz, disclosed that '[a]doption challenges over the last few quarters have been a primary reason for the LDD stall.' On this news, RxSight's stock price fell $4.84, or 37.8%, to close at $7.95 per share on July 9, 2025, on unusually heavy trading volume. What Is The Lawsuit About? The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company was experiencing 'adoption challenges' and/or structural issues resulting in declines in sales and utilization; (2) Defendants had overstated the demand for RxSight's products; (3) as a result, RxSight was unlikely to meet its own previously issued financial guidance for fiscal year 2025; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. If you purchased or otherwise acquired RxSight securities during the Class Period, you may move the Court no later than September 22, 2025 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. Contact Us to Participate or Learn More: If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: Law Offices of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, Pennsylvania 19020 Telephone: (215) 638-4847 Email: howardsmith@ Visit our website at: To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
The Guardian
7 days ago
- Automotive
- The Guardian
Low expectations for Tesla's second-quarter earnings attributed to Musk
It's been a rocky year for Tesla's financial outlook. The electric vehicle maker once led the market for gas-free cars, but recently has faced falling stock, steep competition and a CEO who's been described as erratic and a chaos maker. Given the events of the past few months, Wall Street has a pessimistic expectation for Tesla's second-quarter earnings, to be reported after the bell on Wednesday. Analysts are predicting the company's second-quarter revenue to be $22.7bn, down 11% from the same time last year, and marking a second straight quarterly decline, according to CNBC. Tesla's stock has vacillated throughout 2025, starting the year at a near all-time high of $428 per share in January and then plummeting by nearly half to $222 per share in March. Tesla's overall stock has dropped nearly 13% this year. Earlier this month, Tesla released data on its vehicle deliveries and showed a 14% decrease over last year. In Europe, Tesla's new-car sales fell by 27.9% in May from a year earlier. That was in sharp contrast with other electric vehicle makers, which have seen a jump in sales over the past year. The volatility at Tesla has been partially attributed to CEO Elon Musk's role in Donald Trump's administration as the de facto head of the so-called 'department of government efficiency' (Doge). At Doge, Musk led the charge to downsize the federal government, getting rid of various agencies and instituting layoffs in nearly all departments. This sparked mass countrywide protests against Tesla and demands to boycott the company. By early June, as Musk was scheduled to leave his role as a special government employee, the relationship between the CEO and president had frayed, leading to a spectacular blowup between the two men. They hurled insults at each other over social media and, once again, Tesla's stock plunged. 'The Tesla brand is under attack and provides a prime example of negative brand equity rub – the perception of Elon Musk, its chief executive, has rubbed the sheen right out of what once was a darling and soaring automotive brand,' said Dipanjan Chatterjee, a principal analyst for Forrester. 'This poses a significant threat to Tesla's growth, as large parts of the prospect pool are poisoned by what they perceive as a toxic brand that is inseparable from its leader.' After the Musk and Trump feud, Musk said he was going to focus on running his companies and began hyping the rollout of Tesla's first driverless robotaxi in Austin, Texas. The launch featured about 10 cars designated to certain areas of the city and had 'safety drivers' in the front passenger seat. Although Musk touted the launch as a success, several people posted videos on social media showing the robotaxis driving down the wrong lane, speeding and unable to make left turns. Two days later, the National Highway Traffic Safety Administration (NHTSA) opened an investigation into the service and requested that Tesla supply the agency with information on the incidents. Sign up to TechScape A weekly dive in to how technology is shaping our lives after newsletter promotion During Tesla's earnings call on Wednesday, investors will be looking at Musk's dedication to the company and how he will regain some of the year's losses. The CEO has said he's not done with Washington, however, and is now starting a new US political party called the America party.
Yahoo
22-07-2025
- Business
- Yahoo
Goldman Calls Deckers (DECK) a Sell Due to Unfavorable Risk Reward Profile
Deckers Outdoor Corp. (NYSE:DECK) tops the list of the most oversold S&P 500 stocks so far in 2025, with its share price having declined by 50%. This sharp decline in the share price has prompted some analysts to be cautious. On July 1, Goldman Sachs analyst Brooke Roach initiated coverage of Deckers Outdoor with a Sell rating and a $90 price target. While acknowledging the strength of Deckers' brand portfolio, Roach takes a more cautious stance in the near term, citing a less favourable risk/reward profile compared to other names in the apparel and accessories space. A customer browsing a retail store, finding the perfect footwear for their casual outfits. The analyst points to increasing competition, especially in the running category, and early signs that brand momentum may be starting to normalize after years of strong growth. Although Deckers has executed well and gained market share through its portfolio of sportswear and footwear products, Roach believes the broader environment is becoming more challenging. In her view, even continued strong execution may not be enough to offset rising competition and evolving consumer preferences. These factors, she argues, create a more subdued outlook for the industry in the short term. On the other side, UBS analyst Jay Sole had reiterated a Buy rating on Deckers in early June, maintaining his $169 price target. Please read our update on this UBS report, which was published as part of our list of the 11 best debt-free stocks to invest in right now. Deckers Outdoors Corp. (NYSE:DECK) designs, markets, and distributes innovative footwear, apparel, and accessories developed for both everyday casual lifestyle use and high-performance activities. While we acknowledge the potential of DECK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Harvard University Stock Portfolio: Top 10 Stock Picks and . Disclosure: None. This article is originally published at Insider Monkey. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Associated Press
20-07-2025
- Business
- Associated Press
BRBR SECURITIES NEWS: Did BellRing Brands, Inc. (NYSE:BRBR) Commit Securities Fraud? Contact BFA Law about its Investigation into the Company
NEW YORK, July 20, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into BellRing Brands, Inc. (NYSE: BRBR) for potential violations of the federal securities laws. If you invested in BellRing, you are encouraged to obtain additional information by visiting: Why is BellRing being Investigated? BellRing operates in the convenient nutrition category. The Company's primary brands include Premier Protein and Dymatize, which offer ready-to-drink protein shakes and powders. During the relevant period, the Company stated that Premier Protein 'hit an all-time high in household penetration' and that 'demand remains strong.' The Company also stated that its growth was 'strong in all channels,' driven by 'distribution expansion, accelerating velocities and incremental promotional activity.' In truth, the Company's sales growth during the relevant period may have been driven by temporary trade inventory loading at several key retailers, not sustainable end-consumer demand. The Stock Declines as the Truth is Revealed On May 5, 2025, after market hours, BellRing revealed that starting in Q2 2023, 'several key retailers lowered their weeks of supply on hand,' which would create a headwind to Q3 2025 growth. The Company also announced it was expanding promotions to boost sales and 'offset [] third quarter reductions in retailer trade inventory levels.' On this news, the price of BellRing stock fell $13.96 per share, or more than 18%, from $77.34 per share on May 5, 2025, to $63.38 per share on May 6, 2025. Click here for more information: What Can You Do? If you invested in BellRing you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses. Submit your information by visiting: Or contact: Ross Shikowitz [email protected] 212-789-3619 Why Bleichmar Fonti & Auld LLP? BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named 'Elite Trial Lawyers' by the National Law Journal, among the top '500 Leading Plaintiff Financial Lawyers' by Lawdragon, 'Titans of the Plaintiffs' Bar' by Law360 and 'SuperLawyers' by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd. For more information about BFA and its attorneys, please visit Attorney advertising. Past results do not guarantee future outcomes.
Yahoo
19-07-2025
- Business
- Yahoo
Malaysia's AI darling NationGate sees shares tumble after it got raided in a scrap metal smuggling probe
Shares of NationGate Holdings, Nvidia's only manufacturing partner in Southeast Asia, took a beating this week after the company disclosed a raid into one of its subsidiaries by Malaysian authorities. On Tuesday, Nationgate admitted that the Malaysian Anti-Corruption Commission (MACC) raided the premises of NationGate Solution, a wholly-owned subsidiary, as part of an ongoing investigation into scrap metal smuggling. Nationgate's shares fell 14% on Tuesday to reach 1.45 Malaysian ringgit ($0.34). Shares pared back losses over the rest of the week, but are still down over 10% from Tuesday. On Thursday, NationGate stated that the raids did not involve any specific board members or senior management, and that the company didn't expect a significant hit to its finances or operations. In a response to Fortune, a spokesperson from NationGate Holdings said that it is an electronic manufacturing services company and that scrap metal trading has never been part of the company's business. The spokesperson added that the MACC visit to NationGate Holdings' subsidiary is part of an industry wide investigation, and that as a responsible corporate citizen, NationGate is giving full assistance to the MACC investigation. Malaysia's state news agency Bernama reported on Tuesday that the MACC launched a crackdown on scrap metal smuggling syndicates operating in five states that have resulted in an estimated tax revenue loss of 950 million Malaysian ringgit ($223.9 million). The report added that preliminary investigations revealed these syndicates exported scrap metal to India, China and other countries but reported them as machinery or other metals not subject to the 15% export tax imposed by the government. NationGate, ranked No. 243 on the Southeast Asia 500, was the fastest-growing company on Fortune's ranking of the region's largest companies by revneue. 2024 sales surged 720% to reach 5.3 billion Malaysian ringgit ($1.6 billion), largely thanks to surging growth in its data computing segment. NationGate is the only company in Southeast Asia that assembles Nvidia's highly sought-after graphic processing units (GPUs) into AI servers. Nvidia's GPUs are the most used in high-performance AI applications. But the AI boom and the link to Nvidia are also a risk for NationGate. In early March, Malaysia and neighboring Singapore faced U.S. allegations of being channels for controlled chips to make their way to China. U.S. officials were reportedly interested in whether DeepSeek, the scrappy Chinese AI startup, got its hands on Nvidia processors it wasn't supposed to have. Singapore's Law and Home Affairs Minister K Shanmugam said in March that servers containing chips subject to U.S. export controls appeared to have been sent to Malaysia. Malaysia's Trade Minister Tengku Zafrul Abdul Aziz then said officials were investigating and vowed to take necessary action. Separately, Singapore has also charged three men with fraud for allegedly misrepresenting the end-user of computer servers that may contain Nvidia chips. On Monday, Malaysia announced that all exports of high-performance U.S. AI chips will now require permits for exports, and that individuals and companies must notify the government at least 30 days prior to shipping such hardware. NationGate has distanced itself from the subject and has clarified that it's not involved in any investigations. Yet investors are still spooked. NationGate's shares are down over 40% year-to-date. Update July 19, 2025. This article has been updated with a statement from NationGate Holdings. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
