NYSE: LRN

Stride, Inc.

Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Stride, Inc. (NYSE: LRN) resulting from allegations that Stride may have issued materially misleading business information to the investing public.

If you purchased Stride securities and would like to join the prospective action, please click “Join This Class Action.”

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Details of investigation:

On October 16, 2024, Fuzzy Panda Research issued a report entitled “Stride Inc (LRN) – The Last Covid Over Earner – Hiding That Est >25% of EBITDA Came from Covid Funds.” In this report, Fuzzy Panda announced that it had a short position in Stride, in part, because Stride was the “last Covid over-earning stock yet to fall. The stock is near its highs . . . but investors are clueless about the looming Covid funding cliff. Investors don’t know because Stride management has NOT told them. . . . Former Stride executives told us that management misled investors.”

On this news, Stride’s stock fell by $6.55 per share, or 9%, to close at $64.04 per share on October 16, 2024.

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Company Name: Stride, Inc.
Stock Symbol: LRN
Class Period: N/A
Court: N/A
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