Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Xylem Inc. (NYSE: XYL) resulting from allegations that Xylem may have issued materially misleading business information to the investing public.
If you purchased Xylem securities and would like to join the prospective action, please click “Join This Class Action.”
On August 9, 2023, before the market opened, market analyst Spruce Point Capital Management, LLC released a report entitled “A Leak in the Bull Case”, which, among other things, alleged that certain financial figures which had been presented to investors regarding Xylem’s 2023 acquisition of Evoqua were false.
On this news, the price of Xylem shares declined by $2.82 per share, or 2.68%, to close at $102.33 per share on August 9, 2023.
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