SAN DIEGO, Aug. 10, 2021 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by SmileDirectClub, Inc. (NASDAQ: SDC).
On August 10, 2021, SmileDirectClub announced financial results for the second quarter ended June 30, 2021. Total revenue was $174 million versus the guidance the Company provided on May 10, 2021, of $195 million to $200 million. Following this news, SmileDirectClub stock was down over 23% in early morning trading on August 10, 2021. Additionally, J.P. Morgan slashed its price target to $6 a share from $10 while reducing its rating to underweight from neutral.
If you have information that could assist in this investigation, including past employees and others, or if you are a SmileDirectClub shareholder and are interested in learning more about the investigation, please contact Jim Baker (firstname.lastname@example.org) by email or phone at 619-814-4471. If emailing, please include a phone number.
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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson Fistel, LLP