Investigation Overview
August 07, 2012 (Shareholders Foundation) -- An investigation on behalf of investors of Incyte Corporation (NASDAQ:INCY) shares over potential securities laws violations by Incyte Corporation and certain of its directors and officers in connection with certain statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Incyte Corporation (NASDAQ:INCY) concerning whether a series of statements by Incyte Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
NASDAQ:INCY shares grew from as low as $2.14 per share in March 2009 to as high as $25.60 on July 27, 2012.
Then, on August, 2, 2012, Incyte Corporation (NASDAQ:INCY) reported its 2012 second quarter financial results.
Shares of Incyte Corporation (NASDAQ:INCY) fell from $26.09 on August 1, 2012, to as low as $18.08 on August 6, 2012.