An investigation for investors in Sunlands Technology Group (NYSE: STG) shares over potential securities laws violations by Sunlands Technology Group was announced.
San Diego, CA -- (SBWIRE) -- 06/18/2019 -- Sunlands Technology Group is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Sunlands Technology Group (NYSE: STG), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Sunlands Technology Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Sunlands Technology Group sold 13million shares at $11.50 in its initial public offering ("IPO").
On May 28, 2019, Sunlands Technology Group announced its financial and operating results for the first quarter of 2019, which included a net loss of $16.8 million, and advised investors that the Company's "new student enrollments declined, and gross billings were down 28.6% year-over-year."
Shares of Sunlands Technology Group (NYSE: STG) declined to as low as $2.25 per share on June 11, 2019
Those who purchased shares of Sunlands Technology Group (NYSE: STG) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.