Stride(US:LRN) Globenewswire·2025-11-07 13:36Core Viewpoint - Stride, Inc. is under investigation for potential violations of federal securities laws due to misleading statements regarding its performance and customer demand, which may have contributed to a significant drop in its stock price [1][2][4]. Company Overview - Stride, Inc. is an education technology company that offers an online platform for students across the U.S. [2]. - The company previously claimed to be experiencing "record demand" for its products and services, indicating strong customer engagement [2]. Issues Faced - Stride implemented platform changes that were unpopular, leading to poor customer experiences and a decline in student enrollment [3]. - The company reported that these changes resulted in approximately 10,000-15,000 fewer enrollments, contributing to a "muted" outlook compared to previous years [4]. Stock Performance - Following the announcement of disappointing growth rates due to the platform upgrades, Stride's stock price plummeted by $83.48 per share, a decrease of over 54%, from $153.53 on October 28, 2025, to $70.05 on October 29, 2025 [5].