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News  ›  GlobeNewswire Inc.

Stride, Inc. (LRN) Plunges 49% as Platform Upgrade Fails, Triggering Hagens Berman Probe – Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
Stride, Inc. (LRN) Plunges 49% as Platform Upgrade Fails, Triggering Hagens Berman Probe – Hagens Berman

Stride, Inc. experienced significant platform implementation issues, missing 10,000-15,000 student enrollments, leading to a 49% stock price drop and a potential shareholder lawsuit investigating potential securities law violations.

Insights
TMO   positive

Mentioned as a top company in the gene editing market and introduced new technological analyzer


LRN   negative

Company suffered major platform implementation problems, reduced enrollment, weak future guidance of only 5% sales growth, and faced fraud allegations involving enrollment inflation and improper teacher licensing