|Company Name||Livent Corporation|
On January 7, 2020, Livent reduced its fiscal 2019 guidance, expecting revenue between $385 million to $390 million, explaining that its “fourth quarter performance was negatively impacted by lower than forecasted realized pricing and by reduced lithium hydroxide volumes due to delayed customer orders.”
On this news, Livent’s stock price fell $0.98 per share, or more than 11%, to close at $7.69 per share on January 8, 2020, thereby injuring investors.
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