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Fluor Corporation

Company NameFluor Corporation
Stock SymbolFLR

On February 18, 2020, Fluor disclosed an investigation by the Securities and Exchange Commission (“SEC”) into Fluor’s accounting and financial reporting “related to projects for which the Company recorded charges in the second quarter of 2019.” As a result, Fluor “does not expect to complete and file its annual report on Form 10-K prior to the end of February.”

On this news, the Company’s stock price fell $4.70, or over 24%, during intraday trading on February 18, 2020, thereby injuring investors.

 

 

 

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