Scott+Scott Attorneys at Law LLP reminds investors that it has begun investigating TransMedics Group, Inc. (™DX) Investing.com
New York, New York–(Newsfile Corp. – January 18, 2025) – Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a shareholder and consumer litigation firm, is investigating whether TransMedics Group (NASDAQ 🙂 , Inc. (“TransMedics Group” or the “Company”) (NASDAQ: ™DX) or certain of its officers and directors made misleading and false statements and/or failed to disclose information material to investors in violation of federal securities laws.
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TransMedics Group manages the organ transplantation ecosystem within which it offers patented technology for preservation and mobilization of organs, services that support transplant centers and medical teams, and a logistics branch that facilitates the entire chain.
On October 28, 2024, the company announced its financial results for Q3 2024. During a related earnings call, the company revealed that its revenues were far from estimates and that revenues had been falling sequentially. Following this news, the Company’s share price fell $39.24, or more than 30%, on October 29, 2024, trading on heavy trading volume.
Then, after market hours on December 2, 2024, TransMedics Group issued a press release that, among other things, disclosed additional information about the Company’s expected growth. Specifically, the company cut its FY24 revenue guidance from between $425 million and $445 million to between $428 million and $432 million. Following this news, the Company’s stock fell $13.70, or more than 16%, to close at $71.44 per share on December 3, 2024, on unusually high volume.
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If you have purchased or otherwise own TransMedics Group securities and have suffered a loss, realized or unrealized, and wish to discuss this investigation, contact attorney Nicholas Bruno at (888) 398-9312 or at nbruno@scott-scott.com.
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About Scott+Scott
Scott+Scott has significant experience litigating major securities, antitrust, and consumer litigation cases throughout the United States. The firm represents pension funds, foundations, individuals and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, California, Virginia and Ohio.
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To view the original version of this press release, visit https://www.newsfilecorp.com/release/236995
