Tivity Health, Inc.
Company Name | Tivity Health, Inc. |
Stock Symbol | TVTY |
Class Period | March 08, 2019 to February 19, 2020 |
Lead Plaintiff Motion Deadline | April 27, 2020 |
On February 19, 2020, after the market closed, Tivity announced its fourth quarter and full year 2019 financial results in a press release. Therein, the Company reported a fourth quarter net loss of $323.1 million, a $137.1 million charge to goodwill and $240.0 million impairment charge to the Nutrisystem tradename. Tivity also announced that its Chief Executive Officer Donato Tramuto had resigned.
On this news, the Company’s stock price fell as much as $10.13, or over 44%, during intraday trading on February 20, 2020, thereby injuring investors.
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