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Conn’s Inc.

Company NameConn’s Inc.
Stock SymbolCONN
Class PeriodSeptember 03, 2019 to December 09, 2019
Lead Plaintiff Motion DeadlineJuly 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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