Primerica, Inc.
Company Name | Primerica, Inc. |
Stock Symbol | PRI |
On April 18, 2024, The Bear Cave published a report alleging, among other things, that Primerica’s “highest producing agents are engaged in misleading, false, or deceptive conduct.” Specifically, the report highlighted “a recorded Zoom presentation from a Senior National Sales Director that alleges crooked conduct, ‘fake numbers,’ and appears to suggest an ongoing internal investigation,” and a text message recruiting script for new agents that appears to deliberately obfuscate their association with Primerica.
On this news, Primerica’s stock price fell as much as 12% during intraday trading on April 18, 2024, thereby injuring investors.
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