SAN DIEGO & MENLO PARK, Calif.–(BUSINESS WIRE)–$PSNL #ClassAction–Shareholder rights law firm Robbins LLP reminds investors it is investigating Personalis, Inc. (NYSE: PSNL) for potential violations of federal securities laws pursuant to its June 2019 initial public offering (“IPO”). Personalis completed its IPO on June 20, 2019, offering shares at $17.00 and raising $140 million in gross proceeds. Four days after the IPO, Personalis stock was trading as high as $31.88 per share. However, by April 27, 2020, shares of Personalis closed at $10.31 per share, representing a decline of almost 40% from its IPO price and a decline of 67% from its record high of $31.88 per share. The stock has yet to recover. Personalis operates as a cancer genomics company worldwide.
If you purchased shares of Personalis stock, click here.
Personalis, Inc. (PSNL) Shareholders Have Legal Options
Robbins LLP is a nationally recognized leader in shareholder rights law. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. Click here to receive free alerts from Stock Watch when companies engage in wrongdoing.
Attorney Advertising. Past results do not guarantee a similar outcome.