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Stock impact report

PURPLE ALERT: Bragar Eagel & Squire, P.C. Is Investigating Purple Innovation, Inc. on Behalf of Purple Stockholders and Encourages Investors to Contact the Firm

Purple Innovation, Inc. (PRPL) 
Last purple innovation, inc. earnings: 3/9 04:05 pm Check Earnings Report
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Purple Innovation, Inc. (“Purple” or the “Company”) (NASDAQ: PRPL) on behalf of Purple stockholders. Our investigation concerns whether Purple has violated the federal securities laws and/or engaged in other unlawful business practices.Click here to participate in the action.On November 9, 2021, Purple announced disappointing third quarter earnings “largely driven by impacts from our manufacturing backlog that were longer-lasting than we anticipated. Our lack of inventory impacted sales through all of our channels which are deeply interconnected.”On this news, Purple’s stock fell 24%. On this news, the Company’s share price declined by $1.23 per share, or approximately 36.3%, from $3.39 per share to close at $2.16 per share on November 16, 2021.If you purchased or otherwise acquired Purple shares and suffered a loss, are a long-term Show less Read more
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