Investigation Overview
February 24, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Invuity, Inc. (NASDAQ:IVTY) shares over potential securities laws violations by Invuity, Inc. and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Invuity, Inc. (NASDAQ:IVTY) concerning whether a series of statements by Invuity, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On November 3, 2016, Invuity, Inc. reported its third quarter financial results and lowered its guidance.
Shares of Invuity, Inc. (NASDAQ:IVTY) declined from $14.00 per share in September 2016 to $5.10 per share.
On February 24, 2017, NASDAQ:IVTY shares closed at $7.70 per share.