The Shareholders Foundation announces that an investigation on behalf of investors of Xoom Corp (NASDAQ:XOOM) shares was launched over potential securities laws violations by Xoom and certain of its directors and officers.
If you purchased shares of Xoom Corp (NASDAQ:XOOM), you have certain options and you should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Xoom Corp (NASDAQ:XOOM) concerning whether a series of statements by Xoom regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Xoom Corp (NASDAQ:XOOM) reached $34.60 per share in July 2013.
On February 4, 2014, Xoom Corp reported its fourth quarter and full year 2013 results. Xoom Corp reported that its annual Total Revenue rose from $80.02 million in 2012 to $122.21 million in 2013 and that its Net Loss of $5.85 million in 2012 turned to a Net Income of $6.33 million in 2013.
On April, 22, 2014 Xoom Corp reported its first quarter 2014 results. Xoom Corp reported first quarter 2014 Revenue of $35.94 million, compared to $24.31 million in 2013. On July 22, 2014, Xoom Corp reported its second quarter 2014 results. Xoom Corp reported that its second quarter 2014 Revenue rose to $39.84 million, compated to $33.49 million in 2013, while its second quarter Net Income declined to $1.40 million in 2014 compared to $4.09 million in 2013.
On October 28, 2014, Xoom Corp reported its third quarter 2014 results. Xoom Corp reported that its third quarter revenue rose to $39.4 million in the third quarter 2014 while its third quarter 2014 Net Income declined to $0.4 million. Among other things, Xoom Corp also announced that its CFO will resign effectively December 1, 2014.
Shares of Xoom Corp declined from $24.17 per share in early September 2014 to as low as $14.24 per share on October 29, 2014.
On November 11, 2014, NASDAQ:XOOM shares closed at $15.07 per share.
Those who purchased shares of Xoom Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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