Centuri Holdings, Inc.
Case Overview
Status: | Status: Investigating |
Company Name: | Company Name: Centuri Holdings, Inc. |
Ticker: | Ticker: CTRI |
Related Attorneys: | Lead Attorneys: Thomas W. Elrod |
Related Practices: | Related Practices: Securities |
The law firm of Kirby McInerney LLP is investigating potential claims against Centuri Holdings, Inc. (“Centuri” or the “Company”) (NYSE: CTRI). The investigation concerns whether Centuri and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
On June 26, 2024, Centuri disclosed that its CEO would be resigning. On this news, the price of Centuri shares declined by $3.96, or approximately 15.6%, to close to $21.33 per share on June 27, 2024.
On July 29, 2024, Centuri released its second quarter 2024 financial results, missing consensus estimates due to, among other things, “reduced offshore wind activities primarily due to the cancellation of a project in late 2023.” On this news, the price of Centuri shares declined by $4.53, or approximately 22.4%, from $20.25 on July 28, 2024 to close at $15.72 per share on July 29, 2024.
On June 26, 2024, Centuri disclosed that its CEO would be resigning. On this news, the price of Centuri shares declined by $3.96, or approximately 15.6%, to close to $21.33 per share on June 27, 2024.
On July 29, 2024, Centuri released its second quarter 2024 financial results, missing consensus estimates due to, among other things, “reduced offshore wind activities primarily due to the cancellation of a project in late 2023.” On this news, the price of Centuri shares declined by $4.53, or approximately 22.4%, from $20.25 on July 28, 2024 to close at $15.72 per share on July 29, 2024.