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Investors who purchased shares of Knight-Swift Transportation Holdings Inc. (NYSE: KNX), have certain options and should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
An investigation on behalf of investors of Knight-Swift Transportation Holdings Inc. (NYSE: KNX) shares over potential securities laws violations by Knight-Swift Transportation Holdings Inc. and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Knight-Swift Transportation Holdings Inc. (NYSE: KNX) concerning whether a series of statements by Knight-Swift Transportation Holdings Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Phoenix, AZ based Knight-Swift Transportation Holdings Inc., together with its subsidiaries, provides truckload transportation and logistics services in the United States, Mexico, and Canada. Knight-Swift Transportation Holdings Inc. reported that its annual Total Revenue rose from over $1.11 billion in 2016 to over $2.42 billion in 2017 and that its Net Income increased from $93.86 million in 2016 to $484.29 million in 2017.
Shares of Knight-Swift Transportation Holdings Inc. (NYSE: KNX) declined from $50.23 per share in March 2018 to as low as $30.68 per share on October 11, 2018.
