Law Offices of Howard G. Smith announces an investigation on behalf of Poshmark, Inc. (“Poshmark” or the “Company”) (NASDAQ: POSH) investors concerning the Company’s possible violations of the federal securities laws.
On November 9, 2021, Poshmark released its third quarter earnings with a reported a loss of $.09 per share compared to a profit of $.44 per share in the third quarter of 2020. Poshmark's CEO claimed that "difficult comparisons and the headwinds of Apple privacy changes" were to blame for Poshmark's financial results.
On this news, Poshmark’s stocks fell $7.11, or 29%, to close at $17.42 per share on November 10, 2021, thereby injuring investors.
If you purchased Poshmark securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211116006433/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
