ChampionX Corporation Class Action Lawsuit Announcement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Source: PRnewswire
- Class Action Initiation: Rosen Law Firm announces a class action lawsuit on behalf of sellers of ChampionX Corporation (NASDAQ:CHX) common stock between February 29 and April 1, 2024, indicating potential investor losses due to undisclosed acquisition offers.
- Acquisition Offer Details: During the class period, ChampionX received a non-public acquisition offer from Schlumberger at $36.70 per share, later raised to $37.80, while ChampionX repurchased its stock at lower market prices without timely disclosure of this information.
- Stock Price Impact Analysis: The average stock price of ChampionX during the class period was $33.32 per share, with allegations that the failure to disclose the acquisition offer artificially deflated the stock price, adversely affecting investor decisions.
- Legal Consultation Advice: Investors are encouraged to select experienced counsel for participation in the lawsuit, as Rosen Law Firm has recovered over $438 million for investors in 2019 alone, showcasing its strong capabilities in securities class actions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
