SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by Officers of Vicor Corporation(VICR)
News provided byLevi & Korsinsky, LLP
Nov 20, 2023, 1:06 PM ET
NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors that it has commenced an investigation of Vicor Corporation ("Vicor") (NASDAQ: VICR) concerning possible violations of federal securities laws.
On October 24, 2023, Vicor announced inline 3Q23 results and 4Q23 guidance but backlog continued to decrease and “bookings remained weak.” Analysts commented that management’s reluctance to discuss AI platforms announced in the previous quarter “shows a shrink in opportunity.” Following this news, Vicor’s stock price fell by $14.14 per share, or approximately 26% to close at $39.05 per share. . To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.
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