INVESTOR ALERT: Shareholder Class Action Lawsuit Filed Against Atkore, Inc. (NYSE: ATKR); DiCello Levitt LLP Encourages Investors with Losses to Discuss Their Options with Counsel
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A class action lawsuit has been filed against Atkore (ATKR) alleging anticompetitive price-fixing in the PVC pipe market. The lawsuit claims the company artificially inflated pipe prices during the COVID-19 pandemic, which was exposed by a short seller report. Following the allegations, Atkore's stock dropped 20% after reporting lower-than-expected earnings and reducing fiscal year guidance.
March 26, 2025 | 9:30 pm
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Atkore's stock price is likely to remain under pressure due to the class action lawsuit alleging anticompetitive practices and the company's reduced financial guidance for fiscal year 2025.
The lawsuit and earnings miss suggest potential long-term financial and legal challenges for Atkore, which could negatively impact investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100