San Diego, CA -- (SBWire) -- 10/31/2016 --An investigation for investors of Supreme Industries, Inc. (NYSEMKT:STS) was announced over potential violations of securities laws by Supreme Industries in connection certain financial statements.
Investors who purchased shares of Supreme Industries, Inc. (NYSEMKT:STS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Supreme Industries regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On October 21, 2016, Supreme Industries, Inc. announced that its third-quarter backlog of truck sales declined 22% from the third quarter 2015. Later that same day, Cliffside Research initiated coverage of the stock of Supreme Industries, Inc. with a "Strong Sell" rating, stating that the "part is over" for both the company and the market of light- to medium-duty trucks that it serves, and asserting that "[h]eavy insider trading in [Supreme Industries] is a canary in the coal mine that should not be ignored." Shares of Supreme Industries, Inc. (NYSEMKT:STS) declined on October 28, 2016 to as low as $11.03 per share.
Those who purchased shares of Supreme Industries, Inc. have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
Investigation for Investors in Shares of Supreme Industries, Inc. (NYSEMKT:STS) Announced
An investigation for investors in Supreme Industries, Inc. (NYSEMKT:STS) shares over potential securities laws violations by Supreme Industries, Inc. was announced and NYSEMKT:STS stockholders should contact the Shareholders Foundation.