Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of XPEL, Inc. (NASDAQ: XPEL) resulting from allegations that XPEL may have issued materially misleading business information to the investing public.
If you purchased XPEL securities and would like to join the prospective action, please click “Join This Class Action.”
On October 19, 2023, Culper Research released a report on XPEL. In this report, Culper stated that it was shorting XPEL stock because it believed “the Company has grossly understated its reliance on Tesla”, and because it believed “the Company is concealing a massive undisclosed risk from its primary supplier which threatens to upend the Company’s entire reason for being.”
On this news, XPEL stock declined by $10.57 per share, or 17.2% on October 19, 2023.
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