The Law Offices of Frank R. Cruz Announces Investigation of Direct Digital Holdings, Inc. (DRCT) on Behalf of Investors
Direct Digital Holdings, Inc. (DRCT)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Direct Digital Holdings, Inc. (“Direct Digital” or the “Company”) (NASDAQ: DRCT) on behalf of investors concerning the Company’s possible violations of federal securities laws.If you are a shareholder who suffered a loss, click here to participate.On March 26, 2024, Direct Digital released its fourth quarter and full year 2023 financial results, missing revenue growth estimates due to “efforts . . . to accelerate the transition towards a cookie-less advertising platform.”On this news, Direct Digital’s stock price fell $10.47, or 39.5%, to close at $16.04 per share on March 27, 2024, thereby injuring investors.Then, on April 2, 2024, Direct Digital disclosed that a material weakness had been “identified in [its] review of internal control over financial reporting as of December 31, 2023.”On this news, Direct Digital’s stock price fell $1.31, or 10.4%, to close at $12.82 per share on April 2
Show less
Read more
Impact Snapshot
Event Time:
DRCT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DRCT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DRCT alerts
High impacting Direct Digital Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
DRCT
News
- Colossus SSP Files Lawsuit Against Adalytics For Defamation, Injurious Falsehood and False Advertising [Yahoo! Finance]Yahoo! Finance
- Colossus SSP Files Lawsuit Against Adalytics For Defamation, Injurious Falsehood and False AdvertisingPR Newswire
- Direct Digital Holdings, Inc. (NASDAQ: DRCT) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $23.00 price target on the stock.MarketBeat
- Direct Digital Holdings Announces Receipt of Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) [Yahoo! Finance]Yahoo! Finance
- Direct Digital Holdings Announces Receipt of Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1)PR Newswire
DRCT
Earnings
- 3/26/24 - Miss
DRCT
Sec Filings
- 5/16/24 - Form NT
- 4/23/24 - Form 8-K
- 4/2/24 - Form NT
- DRCT's page on the SEC website