An investigation for investors in NASDAQ:MFR) shares over potential securities laws violations by Mattress Firm Holding and certain of its directors was announced.
Investors who purchased shares of Mattress Firm Holding Corp (NASDAQ:MFRM), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on whether a series of statements by Mattress Firm Holding regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 21, 2016, post-market, Mattress Firm Holding Corp released its fourth quarter earnings of $0.53 per share, which was lower than analyst expectations of $0.56 per share. Mattress Firm Holding Corp also released its full year guidance of $2.50 to $2.60 per share, which was lower than its $2.72 per share forecast. Simultaneously, Mattress Firm Holding Corp stated that Ken Murphy, Company President would immediately replace Steve Stagner as Chief Executive Officer.
On June 9, 2016, Mattress Firm Holding Corp announced its first quarter financial results and provided its guidance for its second quarter and updated its full year 2016 guidance. Shares of Mattress Firm Holding Corp (NASDAQ:MFRM) declined to as low as $27.18 per share on June 10, 2016.
On June 27, 2016, NASDAQ:MFRM shares closed at $34.93 per share.
Those who purchased NASDAQ:MFRM shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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