Conn’s Inc.
Company Name | Conn’s Inc. |
Stock Symbol | CONN |
Class Period | September 03, 2019 to December 09, 2019 |
Lead Plaintiff Motion Deadline | July 14, 2020 |
On December 10, 2019, before the market opened, Conn’s reported its third quarter 2020 financial results in a press release. Therein, the Company reported retail revenues of $280.3 million, compared to $284.1 million in the prior year period. Conn’s attributed the revenue decline to a decrease in same store sales, which “reflects underwriting adjustments made during the three months ended October 31, 2019.”
On this news, the Company’s share price fell $6.85 per share, or over 33%, to close at $13.65 per share on December 10, 2019, on unusually heavy trading volume.
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