The investigation concerns whether Five Below and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. On this news, Five Below's stock price fell $25.57 per share, or 25.05%, to close at $76.50 per share on July 17, 2024. CONTACT: Danielle Peyton Pomerantz LLP dpeyton@pomlaw.com 646-581-9980 ext. 7980 NEW YORK, July 26, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Five Below, Inc. ("Five Below" or the "Co ...

What's Next? If you are aware of any facts relating to this investigation or purchased Five Below securities, you can assist this investigation by visiting the firm's site: bgandg.com/FIVE. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660. We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percenta ...

On July 16, 2024, after the market closed, Five Below announced that its CEO had stepped down "to pursue other interests." Additionally, Five Below provided quarter-to-date results and updated guidance for its second quarter of fiscal 2024, stating that it now expects sales to be between $820 to $826 million, compared to the previously expected $830 to $850 million, and net income of $0.53 to $0.56, compared to the previously expected $0.57 to $0.69. If you are a Five Below investor and would like to learn ...

What is this all about? Shares of Five Below fell 21% following the resignation of the company's CEO, Joel Anderson, and a reported decline in sales. Block & Leviton is investigating the company's statements, including statements about executing on Five Below's five key strategic pillars, to determine if the company may have committed violations of federal securities laws. BOSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Five Below, Inc. (NASDAQ:FIVE) for potential securities law v ...

Five Below operates specialty discount stores, and prices most of its products at $5 or less. The company consistently discussed how it continued to execute against its five key strategic pillars that helped drive longterm growth. If you invested in Five Below, Inc. (NASDAQ: FIVE) you may have legal options and are encouraged to submit your information to the firm. All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of l ...

NEW YORK, July 20, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Five Below, Inc. (NASDAQ: FIVE) for potential violations of the federal securities laws. If you invested in Five Below, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/five-below-inc. Why Did Five Below's Stock Drop? Five Below operates specialty discount stores, and prices most of its products at $5 or less. The compan ...

Click here to participate in the action. If you purchased or otherwise acquired Five Below shares and suffered a loss, are a long-term stockholder, have information, 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 Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to y ...

The stock is now off 67% from all-time highs. Here's why shares fell yet again this week. This week, on July 16, Five Below put out a press release that caused its stock price to crater. The company announced that its current CEO Joel Anderson has stepped down as CEO. He has decided to become the CEO of PetCo. Kenneth Bull, the chief operating officer, would assume the role as interim CEO. Investors hate management uncertainty, so it is unsurprising to see the stock falling on this news. It is hard to pinpo ...

[Click here for information about joining the class action] Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for th ...

ATLANTA, July 17, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Five Below, Inc. ("Five Below" or the "Company") (NASDAQ:FIVE) complied with federal securities laws. On July 16, 2024, Five Below announced that Joel Anderson, who served as the Company's President and CEO, was resigning, and it released quarter-to-date results and lowered guidance for the second quarter of fiscal 2024. Following this news, the price of the Company's stock dropped. If you purchased Five Below stock and ...