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Lost Money on Vicor Corporation(VICR)? Contact Levi & Korsinsky Regarding an Ongoing Investigation

Tuesday, 11 June 2024 07:20 AM

Levi & Korsinsky, LLP

NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Vicor Corporation ("Vicor Corporation") (NASDAQ:VICR) concerning possible violations of federal securities laws.

On July 25, 2023, Vicor announced a substantial purchase of its newest generation AI device for a large customer. However, when probed by analysts about the company's customers and contracts, Vicor officials repeatedly provided ambiguous answers.

On February 22, 2024, the Company released its earnings for Q4 2023. Vicor's financials missed analysts' expectations, as the company experienced a sharp decline in revenue, shipments, and gross margins. Analysts questioned these losses in light of the Company's claims of new contracts and sales.

Following this news, Vicor's stock price fell by $11.17 per share, or approximately 24% to close at $35.67 per share.
To obtain additional information, go to:

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212)363-7500.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
[email protected]
Tel: (212)363-7500
Fax: (212)363-7171

SOURCE: Levi & Korsinsky, LLP

Class Action
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