PR Newswire
LOS ANGELES, Aug. 29, 2024
LOS ANGELES, Aug. 29, 2024 /PRNewswire/ -- The Law Offices of Frank R. Cruz continues its investigation of Centuri Holdings, Inc. ("Centuri" or the "Company") (NYSE: CTRI) on behalf of investors concerning the Company's possible violations of federal securities laws.
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On June 26, 2024, Centuri disclosed that its CEO would be resigning. On this news, Centuri's stock price fell 3.96, or 15.6%, to close to $21.33 per share on June 27, 2024, thereby injuring investors.
Then, on July 29, 2024, Centuri released its second quarter 2024 financial results, missing consensus estimates due to, among other things, "reduced offshore wind activities primarily due to the cancellation of a project in late 2023."
On this news, Centuri's stock price fell $4.53, or 22.4%, to close at $15.72 per share on July 29, 2024, thereby injuring investors further.
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If you purchased Centuri securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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SOURCE The Law Offices of Frank R. Cruz, Los Angeles
