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-0.000616142945163155 -0.00154035736290811 -0.0160197165742452 -0.0117067159581024 -0.015033887861984 -0.0129205175600738 0.00123228589032653 0.00123228589032653
Stock impact report

EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against iQIYI, Inc. – IQ

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of iQIYI, Inc. (NASDAQ: IQ) resulting from allegations that iQIYI may have issued materially misleading business information to the investing public.On April 7, 2020, Wolfpack Research released a report alleging that “IQ was committing fraud well before its IPO in 2018 and has continued to do so ever since.” Wolfpack estimates that iQIYI inflated its 2019 revenue by approximately RMB 8-13 billion, or 27%-44%, by overstating its user numbers by approximately 42%-60%.On this news, the Company’s stock price fell sharply during intraday trading on April 8, 2020.Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by iQIYI investors. If you purchased shares of iQIYI please visit the firm’s website at http://www.rosenlegal.com/cases-register-1834.html to join the class action. You may also contact Phill Show less Read more
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